National Energy Guarantee – What does it mean for the energy industry?

AU Energy Compliance
The Turnbull Government yesterday announced that it would accept the recommendation of the Energy Security Board (ESB) for the introduction of a new National Energy Guarantee (NEG).  The NEG will create a dual reliability and emissions guarantee. By Anne Wardell, Compliance Quarter. The main focus of the NEG appears to be the reduction of household energy bills, with the emissions reduction scheme taking a back seat. The assumption that household energy bills will be reduced is based on a lot of hypotheticals which may or may not occur. Commentators like Laura Tingle, Australian Financial Review, have questioned whether the assumptions underpinning the recommendation will operate effectively[1]. Interestingly she concludes her opinion piece with the following observation: ‘The irony is that their market dominance through vertical integration will probably make it…
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All you need to know about the abolition of Limited Merits Review: Six Q & A for the Australian energy industry.

All you need to know about the abolition of Limited Merits Review: Six Q & A for the Australian energy industry.

AU Energy Compliance
On 16 October, the federal Government passed the Competition and Consumer Amendment (Abolition of Limited Merits Review) Bill 2017 (the new legislation) which removes the right of Network Service Providers (NSPs) to apply for Limited Merits Review (LMR) of most of the decisions of the Australian Energy Regulator (AER). By Dr Drew Donnelly, Compliance Quarter. In today’s article, we provide six questions and answers on the new legislation with a focus on the effect this will have on those who will be most directly affected; Network Service Providers. What is Limited Merits Review? While the new legislation also abolished LMR under the National Gas Law, our focus is on the abolition of LMR in relation to the National Electricity Law (NEL), as this has been by far the most common…
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