Market Review: Open
On 4 June 2020 the AEMC published an approach paper for the 2020 Electricity network economic regulatory framework review (2020 Review).
The paper outlines the approach the Commission proposes for this review and provides stakeholders with an overview of the broader work program that is being undertaken by the Commission in relation to network-related issues arising from the current transformation of the electricity sector.
Submissions to the approach paper close on 2 July 2020.
The annual review of the economic regulatory framework for electricity networks is part of the AEMC’s work to support the continual evolution of the energy sector.
In light of the significant growth in decentralised energy resources, the COAG Energy Council directed the AEMC to annually examine and report on whether the economic regulatory framework is robust, flexible and continues to support the efficient operation of the energy market in the long-term interest of consumers.
This is done by monitoring changes and developments in the national electricity market (NEM) and where necessary, recommend changes to the economic regulatory framework to the COAG Energy Council.
The report for the 2020 Review is expected to be published on 1 October 2020.