Binding Rate of Return Guideline

On 15 June 2018, the COAG Energy Council agreed to the proposed legisltative package to implement a binding rate of return instrument.
 

Energy Security Board – National Energy Guarantee: Consultation Regulation Impact Statement

The Energy Security Board released the Consultation Regulation Impact Statement (RIS) for the National Energy Guarantee (the Guarantee) on 29 June 2018 and received 4 submissions. The consultation process is now closed and the Energy Security Board thanks stakeholders for their participation.

Publication of Gas Supply Strategy FAQs

On 27 June 2018, answers to a set of frequently asked questions (FAQs) about onshore gas development in Australia were released. The FAQs document was developed by the Upstream Petroleum Resources Working Group under Gas Supply Strategy Collaborative Action 7.

For more information about the Gas Supply Strategy and implementation of other collaborative actions, please visit the COAG Energy Council Gas Supply Strategy page.

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.

Detailed Design Process

National Energy Guarantee Draft Detailed Design - Commonwealth Elements

The Commonwealth Government 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.

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

The Commonwealth Government invited submissions in response to this consultation paper.  The consultation period has now closed.

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.

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