Review of Governance Arrangements for Australian Energy Markets - Draft Report
On 11 December 2014, the COAG Energy Council agreed to the terms of reference for a Review of Governance Arrangements for Australian Energy Markets. The Review was initiated in response to a Council of Australian Governments commitment to review the governance arrangements in the Australian energy market five years after the establishment of the Australian Energy Market Operator in 2009.
The expert review panel comprises Dr Michael Vertigan AC as Chair, Professor George Yarrow and Mr Euan Morton.
Energy Market Reform Bulletin No. 39 - Release of Draft Report - Review of Governance Arrangements for Australian Energy Markets
The Expert Panel for the Review of Governance Arrangements for Australian Energy Markets released its Draft Report on 31 July 2015. The Draft Report made observations about the current governance arrangements of the Australian energy market and provided preliminary recommendations on how these may be improved.
Released on 31 July 2015, Energy Market Reform Bulletin No. 39 noted that the Panel considered the recommendations of the draft report preliminary in nature and welcomed submissions on the draft.
Review of Governance Arrangements for Australian Energy Markets - Final Report
The Review of Governance Arrangements for Australian Energy Markets commenced in February 2015 and was completed in October 2015 with delivery of the Final Report to the COAG Energy Council.
COAG Energy Council Terms of Reference (First Edition, 2015)
The COAG Energy Council's inaugural Terms of Reference were finalised in July 2015 and set out the scope of Council's work.
The first edition of the Terms of Reference states that the Council's work will cover the following broad themes:
2nd COAG Energy Council Meeting Communique
The second meeting of the COAG Energy Council was held in Adelaide on 11 December 2014. Its focus was on the major challenges facing energy markets and resource development.
Under a new format designed to improve the strategic focus of the Council, Ministers heard from stakeholders and key experts on the challenges and opportunities facing the nation's resources and energy sectors.
The discussion considered emerging challenges under six themes:
COAG Energy Council Australian Gas Market Vision (December 2014)
The COAG Energy Council's vision for Australia's future gas market recognises the significant transformation occurring in our markets and the need for governments to guide gas market development and provide certainty for all stakeholders.
4th COAG Energy Council Meeting Communique
Energy and Resources Ministers met in Canberra on 4 December 2015 for the fourth COAG Energy Council meeting.
The meeting progressed key initiatives to improve the adaptability and resilience of Australian energy markets to respond to environmental and technological change.
Ministers agreed to a national, cooperative effort to better integrate energy and climate policy, with a clear focus on ensuring that consumers and industry have access to low-cost, reliable energy as Australia moves towards a lower-emissions economy.
3rd COAG Energy Council Meeting Communique
The third meeting of the COAG Energy Council was held in Perth on 23 July 2015.
The Council affirmed its aim to reduce costs of energy for households and businesses, maintain Australia's competitiveness, grow our economy, reduce carbon emissions, improve our sustainability and protect consumers.