AEMC Chair, John Pierce, presented at the Energy Networks Australia Regulatory Seminar on Wednesday 26 July 2017. His speech talked about the evolution of the energy market and the key role network businesses will play in maintaining power system security as the generation mix changes. Network businesses that encourage customer-driven change will benefit. Change should be embraced, but always with the long term interests of consumers in mind. After all, if energy consumers are better off, then the economy is too.
"We, collectively, will have failed in meeting our objective to serve the long term interests of consumers, if we don’t do it at lowest cost."