| Work Stream: | Energy Market Reform | ||||||||||||||||||||||||||||||||
| Council Priority Issue: | 6. Assessing existing market mechanisms and regulatory frameworks (including governance of network regulation) to ensure facilitation of adequate, efficient, and timely investment in, and operation of, generation and networks. | ||||||||||||||||||||||||||||||||
| Project: | Limited Merits Review of Decision-Making in the Electricity and Gas Regulatory Frameworks | ||||||||||||||||||||||||||||||||
| Timeline: | 14 December 2012 – 30 June 2013 | ||||||||||||||||||||||||||||||||
| Key Documents: | Consultation Regulation Impact Statement (Word/PDF) Submission Template (Word) Statement of Policy Intent (Word/PDF) |
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| Overview: | Under the National Electricity Laws and National Gas Laws, there is a legislative requirement for the Ministerial Council on Energy (MCE) to undertake a review of the limited merits review regime by 2015. SCER (as successor to the MCE) agreed on 9 December 2011, to bring the review of the limited merits review regime forward with a view to having any recommendations in place prior to the next round of regulatory determinations.
On 7 March 2012, an Expert Panel of Professor George Yarrow (Chair), Dr John Tamblyn and the Hon Michael Egan (“the Panel”), commenced the review. The Final Report was published on 9 October 2012, and is available here. This work stream entails testing the Panel’s recommendations with a view to finalising the policy position and, if necessary, amending the relevant legislation before the end of 2013. |
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| Detail: | This work stream aims to identify and implement any necessary changes to the merits review framework, potentially including through amending legislation, before the end of 2013, though:
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| Background: | Under the National Electricity Laws and National Gas Laws, there is a legislative requirement for the MCE to undertake a review of the limited merits review regime by 2015. SCER (as successor to the MCE) agreed on 9 December 2011, to bring the review of the limited merits review regime forward with a view to having any recommendations in place prior to the next round of regulatory determinations.
On 7 March 2012, an Expert Panel of Professor George Yarrow (Chair), Dr John Tamblyn and the Hon Michael Egan, commenced this review. The Panel’s Final Report was published on 9 October 2012, and is available here. |
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| Terms of Reference: | N/A | ||||||||||||||||||||||||||||||||
| Process and Timelines: | Consultation on the Regulation Impact Statement will be open from 14 December 2012 to 8 February 2013. A template for submissions is available here. | ||||||||||||||||||||||||||||||||
| Supporting Documentation: | The Panel’s reports are available here. | ||||||||||||||||||||||||||||||||
| Consultation and Submissions: | Submissions from interested stakeholders on the recommendations provided in the Regulation Impact Statement were required by close of business Friday 8 February 2013. All submissions will be made available from this website unless stakeholders have clearly indicated that a submission should remain confidential, either in whole or in part.
Submissions To access the comprehensive table of submissions, please click here.
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| Previous Consultation and Submissions: | Please refer to the Panel’s review here. | ||||||||||||||||||||||||||||||||
| Contact: | scer@ret.gov.au |