COAG Energy Council Review of Petroleum Licensing Regulations

Australia’s ability to continue to attract the large-scale investment required to support petroleum projects has been underpinned by sound petroleum development and production regimes both onshore and offshore.

Review of Energy Consumers Australia

The COAG Energy Council agreed to establish a national energy consumer advocacy body on 13 December 2013 based on the Proposal for a National Energy Consumer Advocacy Body. This report was developed by independent advisors in consultation with consumer groups and other stakeholders as part of the energy market reform package agreed by Energy Ministers in 2012.

Energy Consumers Australia (ECA) was established as a company limited by guarantee on 30 January 2015, and assumed the responsibilities of the former Consumer Advocacy Panel, which was closed on ECA’s establishment.

Capacity Trading Reform Package Legal and Regulatory Framework – Consultation

The Gas Market Reform Group (GMRG)  has undertaken a public consultation on the legal and regulatory framework required to implement the capacity trading reform package. Before the reforms can be implemented, a number of amendments will need to be made to the National Gas Law, the Regulations made under the National Gas Law and the National Gas Rules. Further, a new instrument, the Operational Transportation Service Code, will need to be developed.

Energy Security Board National Electricity Market Data Strategy - Consultation Paper

The independent Energy Security Board (ESB) has today released a public consultation paper on the development of a data strategy for the National Electricity Market (NEM). The ESB is developing the data strategy, in collaboration with the Australian Energy Regulator (AER), as recommended in the reform blueprint produced by Australia's Chief Scientist, Dr Alan Finkel AO.

Report to COAG Leaders on Finkel Review Implementation

On 31 August 2017 COAG Energy Council provided advice to COAG Leaders on the implementation plan for the Finkel Review and this advice has now been agreed by COAG Leaders. This report also constituted the first annual public report to COAG Leaders on COAG Energy Council's priorities and progress, as recommended in the Finekl Review. Further information on the Report can be found here.

National Electricity Law And National Gas Law Amendment Package – Creating a binding rate of return instrument.

Background

The COAG Energy Council has agreed to make a number of changes to the National Electricity Law (NEL) and the National Gas Law (NGL) relating to the calculation of the rate of return on capital and the value of imputation credits used in economic regulatory decisions. 

The Senior Committee of Officials is seeking feedback on the draft legislation, particularly regarding implementation issues.

Update

Facilitating Access to Consumer Energy Data - Consultation Paper

In 2016, electricity consumers, or their authorised representative, were given a right to access metering data from distributors or retailers. This was intended to empower consumers to make decisions about electricity use, investments in solar PV and other energy savings technologies, and choices of competitive retailer with a clear understanding of historic consumption patterns.

Media Release: Call for public submissions on the National Energy Guarantee

The first public consultation paper for the National Energy Guarantee has today been released by the independent Energy Security Board.

The Media Release can be found below.

Energy Security Board National Energy Guarantee - Consultation Paper

The first public consultation paper for the National Energy Guarantee (Guarantee) has today been released by the independent Energy Security Board (ESB). The guarantee’s intention is to deliver more reliable, affordable and cleaner energy to Australian consumers.

The ESB is chaired by Dr Kerry Schott AO, and includes Deputy Chair Clare Savage, Australian Energy Market Commission Chair John Pierce AO, Australian Energy Market Operator Chief Executive Officer Audrey Zibelman, and Australian Energy Regulator Chair Paula Conboy.

Energy Market Transformation Bulletin No. 06 - Work Program Update

The Energy Council continues to develop policy responding to the energy market's transition.  At the November 2017 meeting, Energy Council was provided updates on a number of work streams.

For information on the updates, please click on the Bulletin below.

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