COAG Energy Council meeting

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook

Energy Ministers met on 10 August 2018 for the 18th Energy Council Ministerial Meeting. The Ministers considered a number of issues including the National Energy Guarantee and the ACCC’s Retail Electricity Pricing Inquiry.

Photo by Christian Dubovan on Unsplash

By Anne Wardell, Regulatory Specialist, Compliance Quarter.
The National Energy Guarantee (NEG)

In relation to the NEG, the Ministers referred to the work completed to date by the Independent Energy Security Board (ESB) and ‘reiterated the importance of effectively integrating energy and climate policy with the Commonwealth, state and territory governments working together to deliver more affordable, reliable and cleaner power’.

The Ministers agreed to the release of the exposure draft of the National Electricity Law amendments, subject to confirmation at a Council teleconference to be held on 14 August 2018. The question of whether a reliability gap could emerge at any time across the 10 year forecast period was raised by the South Australian Minister, The Hon Daniel van Holst Pellekaan MP, and the Council asked the ESB to ‘consult on legilsative options for addressing this issue’.

The ESB and Commonwealth papers on the detailed design are available on the COAG Energy Council website.

ACCC’s Retail electricity pricing inquiry

The Australian Competition and Consumer Commission (ACCC) released a final report on their Retail Electricity Pricing Inquiry on 11 July 2018. The ACCC Chair, Mr Rod Sims, attended the meeting and briefed the Ministers in relation to the ACCC’s Retail Electricity Pricing Inquiry and updated Council on the ACCC’s Gas Inquiry 2017-2020.

In relation to the final report the Ministers agreed to:

  • act quickly by progressing an initial set of 16 cross-jurisdictional recommendations from the Report, including recommendations to reduce the time it takes for consumers to switch
    retailers, ensure consumers get the information they need before their contract ends and fast tracking consideration of strengthening of penalties and AER’s investigative powers.
  • a program of work to consider the remaining 23 recommendations that are COAG Energy Council’s responsibility. The Council will consult on these recommendations as appropriate to ensure close cooperation on delivering results for consumers.

A copy of the Meeting Communique is available here.

More to explorer

notes on board

How to Manage Multiple Compliance Deadlines: A Case Study

Compliance managers in the energy sector are constantly juggling a large work load with competing deadlines. Managing time effectively is a core skill for compliance managers. In this article, we will present a hypothetical case study of a compliance manager in an energy retailer who has to juggle multiple compliance tasks and deadlines, and how they can use some strategies and tools to manage their workload and prioritise effectively. We will also share some insights and tips from Compliance Quarter,

laptop on table top

How to Avoid Compliance Risks by Effective Communication: A Case Study

Compliance managers in the energy sector face many challenges in ensuring that their businesses comply with the regulatory framework. One of the most common and frustrating situations is when their advice is ignored or overridden by senior management or other stakeholders, exposing the business to potential compliance risks and penalties. In this article, we will present a hypothetical case study of a compliance manager in an energy retailer who faced this scenario and how it affected the business outcomes. We

Contemporary design of multifamily living houses. Modern luxury apartments buildings.

Modernising Electricity Regulation: The AES Framework and Embedded Networks in Western Australia

Background The existing licensing framework overseeing the sale and supply of electricity in Western Australia (WA) has struggled to adapt to the rapid expansion of emerging and atypical electricity business models in recent years. To address this, in 2019, the then Minister for Energy commissioned Energy Policy WA to assess the regulatory framework in Western Australia. In 2020, Energy Policy WA initiated consultations on a proposed regulatory framework for various categories of ‘alternative electricity services’ called the Alternative Electricity Services

Leave a Reply

Your email address will not be published. Required fields are marked *