Health of the National Electricity Market
The Energy Security Board (ESB) has today published the Health of the National Electricity Market (NEM), an annual check-up recommended by the Finkel Review. The Health of the NEM report is an assessment of how the NEM is functioning and where improvement is required.
Integrated System Plan - Action Plan
At the COAG Energy Council meeting on 10 August 2018, the Energy Security Board (ESB) Chair was requested to report in December 2018 on:
COAG Decision Regulation Impact Statement – COAG Energy Council
On 19 December 2018, the Council of Australian Governments (COAG) Energy Council agreed to implement the Retailer Reliability Obligation (RRO) for the National Electricity Market (NEM).
Establishment of the Hydrogen Working Group of the COAG Energy Council
Hydrogen presents a major opportunity for the Australian economy. The COAG Energy Council seeks to support the development of a clean, innovative and competitive hydrogen industry that benefits all Australians and is a major global player by 2030.
At its meeting on 19 December 2018, Energy Council agreed to establish a dedicated Working Group, chaired by the Chief Scientist, to lead activities that achieve this vision.
Extended Gas Supply Strategy Implementation Plan
On December 2018, Resources Ministers agreed the Extended Gas Supply Strategy Implementation Plan. The extended plan includes six collaborative actions for completion by the end of 2020.
The collaborative actions focus on pre-competitive geoscience, fostering public trust and confidence, and leading practice regulation.
For more information about the Gas Supply Strategy actions, please visit the COAG Energy Council Gas Supply Strategy page.
Ministerial Resources Roundtable Communique
For the first time, a dedicated meeting of Resources Ministers was held to discuss the outlook for the Australian resources sector and how to realise its future potential.
Ministers focused on a new long-term strategic reform agenda to inspire the Australian resources sector to be the world's best. With attracting investment into the sector to build a stronger economy at the heart of this agenda.
Outcomes can be found in the Communique below.
21st Energy Council Ministerial Meeting
Energy Ministers met today in Adelaide for the twenty first COAG Energy Coucil Meeting.
Ministers welcomed the new Tasmanian Minister for Resources, Building and Construction, The Hon Sarah Courtney MP and thanked the Hon Ben Wyatt MLA for his contribution to the Council.
Ministers discussed the importance of bringing power prices down, while planning for the future security and reliability of the grid.
More outcomes can be found in the Communique below.
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 consulted on detailed policy issues relating to the Obligation. These included the framework for determining the firmness of contracts used by liable entities to meet their contracting requirements under the Obligation, the materiality of the reliability gap, and the compliance and cost-recovery regime.
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.