Blueprint for Energy Security in the National Electricity Market
The Australian electricity market is undergoing a significant transition, including due to rapid technological change, the increasing penetration of renewable energy, a more decentralised generation system, withdrawal of traditional baseload generation and changing consumer demand.
Examination of the current test for the regulation of gas pipelines
On 19 August 2016, the Energy Council (the Council) released a comprehensive Gas Market Reform Package responding to the findings and recommendations of the Australian Energy Market Commission’s (AEMC) Eastern Australian Wholesale Gas Market and Pipelines Framework Review: Stage 2 Final Report and the Australian Competition and Consumer Commission’s (ACCC) Inquiry into the East Coast Gas Market.
Consultation on Retailer Reliability Obligation Detailed Design Issues
Following the COAG Energy Council meeting on 26 October 2018, Ministers agreed that the Energy Security Board (ESB) would progress development of draft National Electricity Law amendments to give effect to a Retailer Reliability Obligation (the Obligation). The ESB will provide the COAG Energy Council with a final draft Bill for decision in December 2018.
Retailer Reliability Obligation
COAG Consultation Regulation Impact Statement – COAG Energy Council
Consultation on Proposed Metrics for Strategic Energy Plan
The Independent Review into the Future Security of the National Electricity Market (the Finkel Review) recommended that, by mid-2018, the COAG Energy Council (Energy Council) develop and maintain a Strategic Energy Plan for the National Electricity Market. The purpose of the Strategic Energy Plan is to ensure a clear strategic focus for the Energy Council’s work and to provide clarity of direction to market bodies and market participants.
Consultation on Retailer Reliability Obligation Legislative Amendments
Following the COAG Energy Council meeting on 26 October 2018, Ministers agreed that the Energy Security Board (ESB) would progress development of draft National Electricity Law amendments to give effect to a Retailer Reliability Obligation. The ESB will provide the COAG Energy Council with a final draft Bill for decision in December 2018.
20th Energy Council Ministerial Meeting Communiqué
Energy Ministers met today in Sydney for the twentieth COAG Energy Council meeting.
Ministers discussed the importance of bringing power prices down and reducing emissions while ensuring the reliability of the grid. The new Commonwealth minister for Energy, and Chair of the COAG Energy Council, the Hon Angus Taylor MP, was welcomed by the Council. The Council also acknowledged the significant contribution of the previous Commonwealth Energy Minister the Hon Josh Frydenberg MP.
Energy Security Board consultation on ACCC Recommendations 6 and 7
The Energy Security Board (ESB) was tasked at the August 2018 Council of Australian Governments (COAG) Energy Council meeting with providing advice to the Council on Recommendations 6 and 7 of the Australian Competition and Consumer Commission (ACCC) Retail Electricity Pricing Inquiry – Final Report (June 2018). Two consultation papers have been prepared by the ESB to inform its advice to the COAG Energy Council.
National Electricity Rules (NER) and National Gas Rules (NGR) - Consultation
Stakeholder comment is sought on proposed rule changes to support the introduction of legislation to create a binding rate of return instrument. The proposed rules remove or amend the National Electricity Rules (NER) and National Gas Rules (NGR) that will be outdated after the passage of the legislation.
We are seeking feedback on the rule changes that:
Energy Security Board Converting the ISP into action
The Energy Security Board (ESB) has published a paper that sets out an overview of the processes and next steps until late 2018, when the ESB will report back to the COAG Energy Council on: