The COAG Energy Council is pleased to advise that the Expert Panel conducting the Review of Governance Arrangements for Australian Energy Markets has released its Final Report.
The Final Report is similar to the Draft Report in that it contains observations and recommendations to improve the governance arrangements of the COAG Energy Council and the energy market institutions (AEMO, AEMC and AER).
The Energy Council will respond to the Review at its December 2015 meeting and a number of processes are already in place to improve Council processes as a result of the Review’s preliminary findings.
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In December 2014, the COAG Energy Council tasked the Australian Energy Market Commission (AEMC) with examining whether there are any material barriers to orderly exit of generation plants and tasked the Australian Energy Market Operator (AEMO) with providing advice on system security and reliability in the context of generation exit and changing generation mixture.
The reports from the AEMC and AEMO are provided to improve stakeholders’ awareness of the scope and progress of the COAG Energy Council’s work on this theme, provide transparency of process, and provide an opportunity for the sector to engage on the issues.
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The COAG Energy Council is pleased to advise that the Expert Panel conducting the Review of Governance Arrangements for Australian Energy Markets has released its Draft Report for public comment.
The Draft Report makes observations about the current governance arrangements of the Australian energy market and provides preliminary recommendations on how these may be improved. The recommendations, arrived at through the Issues Paper consultation and submission processes undertaken in May 2015, reflect the current views of the Panel and are open for public comment.
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The Communiqué from the third meeting of the COAG Energy Council is now available on this website. To see the Communiqué, click here.