Submission to Energy Ministers Amending the AER Wholesale Market Monitoring and Reporting Framework – Consultation Paper Alternative formats available on request to PIAC - Contact PIAC
PIAC made a submission to the Energy Ministers Amending the Australian Energy Regulator Wholesale Market Monitoring and Reporting Framework (WMMRF) consultation paper.
The WMMRF makes the AER responsible for monitoring wholesale electricity markets in the NEM, to ensure effective competition and outcomes beneficial outcomes for consumers. However, the existing scope of powers is not sufficient for this purpose and should be updated and expanded.
In this submission we argued for providing the Australian Energy Regulator (AER) with the visibility it needs across both electricity and gas sectors to effectively carry out its market monitoring and reporting duties.