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.  

Energy Security Board – Draft Detailed Design of the National Energy Guarantee: Consultation Paper

The draft Detailed Design of the National Energy Guarantee (Guarantee) has been released by the independent Energy Security Board for public consultation. The Guarantee has been designed with the intention to deliver more reliable, affordable and cleaner energy to Australian consumers.

The Energy Security Board is now seeking feedback from stakeholders on the draft Detailed Design.

Detailed Design Process

National Energy Guarantee Draft Detailed Design - Commonwealth Elements

The Commonwealth Government has prepared a draft detailed design document on the design elements that are its responsibility. These include the mechanics of setting and changing the emissions reduction target, the proposed design of the emissions-intensive trade-exposed activity exemption and the potential use of offsets. Stakeholder feedback will inform the final detailed design of the Guarantee.

The National Energy Guarantee Draft Detailed Design for Consultation - Commonwealth Elements can be found below.

Energy Market Reform Bulletin No.44: AER Powers and Civil Penalty Regime Consultation

At its meeting in November 2017, the COAG Energy Council agreed to progress the following recommendations from the 2013 Review of Enforcement Regimes under the National Energy Laws (the Review):

  • amending the national energy laws to give the AER the power to compel individuals to appear before it and give evidence (recommendation 13)

Energy Security Board - National Energy Guarantee - Issues Papers

National Energy Guarantee - Issues Papers  

The ESB has prepared the following issues papers to facilitate discussions with jurisdictions and Technical Working Groups on several detailed design elements.

Following the discussions with jurisdictions and Technical Working Groups, more detailed technical working papers will be developed. The technical working papers and draft final design document will be available for public consultation in mid-June.

 

16th Energy Council Ministerial Meeting

Ministers met to discuss their top priority – ensuring the security, reliability, affordability and sustainability of the electricity market whilst working towards a lower emissions future.

The new South Australian Minister for Energy and Mining, the Hon Dan van Holst Pellekaan, was welcomed by the Council. The Council also acknowledged the significant contribution of the previous South Australian Energy Minister Tom Koutsantonis.

Initial design of the Guarantee

Energy Security Board's (ESB) initial design

The ESB presented a high level design of the Guarantee to the COAG Energy Council on 20 April 2018 following a two month consultation process and the review of more than 150 submissions received from a broad range of groups and individuals. 

Please refer to the below attachment for more information on the ESB's initial design.

Optimising Network Incentives Report

In September 2017, KPMG were engaged by the Energy Market Transformation Project Team (EMTPT) to review existing and alternative regulatory frameworks that may improve flexibility and encourage innovation and efficiency in electricity network investment and operation.

Please see below Optimising Network Incentives, prepared by KPMG, and the Senior Committee of Officials Bulletin for more information.

Energy Security Board Terms of Reference

On 24 November 2017 Energy Council Ministers formerly amended and endorsed the Terms of Reference for the Energy Security Board (ESB) including that it only undertake work as directed by the COAG Energy Council.

The Terms of Reference for the ESB can be found below.

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