The national framework for gas market arrangements governs the wholesale and retail gas markets of eastern and southern Australia. The Australian Energy Market Operator (AEMO) is the gas market operator for those jurisdictions. The Australian Energy Regulator (AER) is the economic regulator for covered natural gas transmission and distribution pipelines in all states and territories, except those in Western Australia.
The National Gas Objective
The national gas objective, as stated in the National Gas Law, is to:
promote efficient investment in, and efficient operation and use of, natural gas services for the long term interests of consumers of natural gas with respect to price, quality, safety, reliability and security of supply of natural gas.