Energy Market Transformation
The energy sector is undergoing a major transition, driven by changing technologies, increasing consumer engagement, new energy products and services. A key challenge of the transition is that existing regulatory frameworks were designed around a centralized system of electricity generation and distribution, and we are seeing a shift to a more decentralized one.
The COAG Energy Council seeks to support the development of competitive electricity markets which foster innovation and customer choice. The COAG Energy Council also wants to ensure any potential risks from the market transition are mitigated, and that appropriate consumer protections are in place.
Key priority areas include:
Stand-alone Power Systems
Network Regulation – Optimising network incentives
An update on the work program can be found in the Energy Market Transformation Project Team’s bulletin.