The Australian Energy Market Commission is seeking stakeholder feedback on draft rules to implement regulatory sandbox arrangements in the national electricity and gas markets.
A regulatory sandbox is a framework within which participants can test innovative concepts in the market under relaxed regulatory requirements at a smaller scale, on a time-limited basis and with appropriate safeguards in place.
Regulatory sandbox arrangements will make it easier for businesses to develop and trial innovative approaches to providing energy services to consumers.
On 26 September 2019 the AEMC released a final report that set out a pathway to introduce regulatory sandbox arrangements and enable proof-of-concept trials in the national energy markets.
At its meeting on 22 November 2019 the COAG Energy Council agreed to our report recommendations. The Council has now asked us to provide further advice on the required rule changes. This will include stakeholder feedback on the proposed rule drafting provided in our final report as well as a final recommended package of rule changes.
We will report back to the Council by March 2020.
We invite stakeholder comments on the draft rules by 20 February 2020.
Media: Kellie Bisset, Media and Content Manager, 0438 490 041; (02) 8296 7813