The Australian Energy Market Commission's annual report for 2012-2013 was tabled in November 2013 and is now available on our website.
AEMC Annual Report 2012-2013
12 December 2013
News Topic ID
21
12 December 2013
The Australian Energy Market Commission's annual report for 2012-2013 was tabled in November 2013 and is now available on our website.
20 August 2013
Chairman of the Australian Energy Market Commission, Mr John Pierce, today announced that the organisation’s Senior Director Strategy and Economic Analysis, Mr Paul Smith, will be appointed Chief Executive with effect from today.
“Since he joined us in 2010 Paul has played an important role in strengthening the AEMC’s economic analysis capabilities as a valued member of our management team.
“He has increased our capacity to address the intersection of Australia’s energy markets with broader policy settings; and introduced extensive stakeholder consultation to build consensus on priorities for market development which articulates the strategic focus for AEMC’s work program,” Mr Pierce said.
Paul succeeds Steven Graham who announced his retirement in June.
Mr Pierce said Paul’s appointment followed an extensive recruitment process which attracted strong interest from candidates both in Australia and internationally. “Paul’s wide industry and regulatory experience will greatly benefit the AEMC as it continues to effectively deliver against its statutory role as rule maker and provide expert advice to governments.
Prior to his appointment to the AEMC Mr Smith worked as a regulatory and competition economist focused on the European energy sector for 14 years. He joined the AEMC from the UK-based consultancy, Cambridge Economic Policy Associates and prior to that Paul worked at the UK energy regulator, Ofgem. He holds a degree in Economics and Politics from Bristol University.
“On behalf of the other Commissioners, Brian Spalding and Neville Henderson, I would like to sincerely thank Chris Spangaro, Senior Director, Wholesale, Environment and Transmission, for performing the interim Chief Executive role,” Mr Pierce said.
For information contact:
AEMC Chairman, John Pierce (02) 8296 7800
Media: Communication Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817
21 February 2013
The Australian Energy Market Commission's annual report for 2011-2012 was tabled in February and is now available on our website.
23 February 2012
Early bird rate ends February 29, 2012.
In three months, from May 13-16, more than 1,000 participants from 100 countries will converge on Quebec City, Canada for the fifth World Forum on Energy Regulation which is organised by the International Confederation of Energy Regulators (ICER).
To get the best views of the city, ICER recommends you reserve your room in one of two partner hotels, Delta Québec or Hilton Québec (both connected to the Quebec City Convention Centre).
All speakers and moderators have confirmed their attendance.
The program is now available on the forum website at www.worldforumv.org
On the program you will find energy leaders from around the world, including: the World Bank, the International Energy Agency, the World Energy Council, International Federation of Industrial Energy Consumers, International Gas Union and the Australian Energy Market Commission.
We look forward to seeing you there.
12 January 2012
The Australian Energy Market's annual report for 2010-2011 was tabled in December and is now available on our website.
The year under review was particularly significant for the AEMC. The Clean Energy Future legislation, the effects of the global financial crisis and the need for major investment in energy infrastructure have all moved our work to the centre of public and policy attention on energy markets and prices.
These issues will remain with us over the next few years at least. They form the focus of our 2011 Strategic Priorities for Energy Market Development paper. A significant and growing component of our work program has been directly relevant to addressing these challenges. We continue to see a substantial increase in engagement levels associated with our formal consultations for rule requests and reviews. Not only have we seen increased numbers of submissions overall - we have also noted a widening agenda of issues raised by those submissions.
In his annual review, AEMC Chairman, John Pierce, said the organisation's operating environment continued to test the organisation's capacity for comprehensively researched and well-informed advice to governments.
"Every day our professional policy groups demonstrate their skill at reconciling engineering and physical system realities with economic policy objectives and also with commercial and financial imperatives, Mr Pierce said. "I would like to thank the AEMC commissioners, management and staff for the contributions they have made to improving the functioning of the energy market and deepening understanding of how government policy will affect our energy future."
For information contact:
AEMC Chief Executive, Steven Graham (02) 8296 7800
Media: Communication Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817
27 October 2011
For energy reform to take place across Australia in a transparent and orderly way the key challenges of rising peak demand, industry investment, rising prices and market resilience must be addressed, according to the head of the Australian Energy Market Commission, John Pierce.
Speaking at a lunch with 25 key stakeholders and clients of Australian law firm, Maddocks, in Sydney today, Mr Pierce said the energy industry is going through a period where significant challenges must be met.
Mr Pierce outlined three strategic priorities that would need to be achieved over the coming years for energy reform and the challenges it faces to be effective.
These include:
•creating a predictable regulatory and market environment for rewarding economically efficient investment;
•building the capability and capturing the value of flexible demand; and
•ensuring the regulation of transmission and distribution networks promotes timely investment and efficient outcomes.
Patrick Ibbotson, a partner with Maddocks infrastructure team, said the policy agenda set out in the AEMC paper, Strategic Priorities for Energy Market Development, will impact on all Australians.
“The issues in this paper impact the price we pay for power to keep our lights on, our industries running and our nation prosperous”, Mr Ibbotson said.
"Key issues are certainty for investors and efficient operation of the energy market. One concern noted is the potential for vertical integration of generators and retailers to limit the degree of competition. Market rules are one thing but to make a project bankable a power purchase agreement is essential."
“While the report grapples with the difficult issue of demand management through better pricing signals, this may be a politically difficult path to take.”
The Australian Energy Market Commission’s ‘Strategic Priorities for Energy Market Development’ is available at:
http://www.aemc.gov.au/Market-Reviews/Completed/AEMC-Strategic-Priorities-Discussion-Paper.html
16 June 2011
On 29 March 2011 Professor Ross Garnaut published an update paper, Transforming the Electricity Sector. The AEMC prepared advice on the Garnaut update paper for the meeting of the COAG Standing Council on Energy and Resources held 10 June 2011. Following the briefing of 10 June 2011 the ministers have requested that the AEMC release the document on its website.
01 April 2011
Chairman of the Australian Energy Market Commission, John Pierce, today launched the 2011 Strategic Priorities Discussion Paper which explains the most important challenges and opportunities for energy market development in Australia today.
Mr Pierce has called for a well-informed public debate on what really matters for market development and outcomes.
He has invited community comment on the AEMC's proposed priorities. The due date for submissions is 13 May 2011.
Please send your response to submissions@aemc.gov.au
Once we have considered the comments on this discussion paper we will publish a short confirmation of our priorities and an associated work programme. During the next year we will review and develop our approach in close conversation with our stakeholders to ensure our strategic focus remains appropriate for the challenges facing Australian energy markets over the coming years.
01 April 2011
Chairman of the Australian Energy Market Commission, John Pierce, today released the 2011 AEMC Strategic Priorities Discussion Paper which explains the most important challenges and opportunities for energy market development in Australia today.
Mr Pierce called for community comment on the paper. Submissions are due on 13 May 2011.
"We are looking to develop a well-informed debate on what really matters for market development and outcomes," Mr Pierce said.
"The AEMC is the body responsible for advising the Ministerial Council on Energy and it is important that we explain our views and maintain close conversations with community, industry and federal, state and territory governments - especially at this watershed in the sector's history," he said.
"We seek contributions from all stakeholders who have an interest in the future of the nation's energy sector. Your contributions will refine and develop the key priorities to be reflected in our work programme for the year ahead.
"We want to bring ideas together on priority market outcomes for Australia and ensure those priorities are being addressed," he said.
The AEMC discussion paper was launched by the Minister for Energy and Resources, the Hon Martin Ferguson AM MP, at a stakeholder forum in Melbourne.
The paper has three proposed priorities for consideration in relation to energy market development and outcomes:
Submissions can be registered at submissions@aemc.gov.au.
"We will continue to monitor and analyse developments in the Australian energy sector and re-evaluate our work programme on an annual basis. Stakeholder responses to this paper will make important contributions to our thinking on options and alternatives for market development. We especially look to those in industry who have the closest day to day working relationships with households and businesses - and who carry such a large share of the responsibility to deliver better outcomes for customers in the years ahead," Mr Pierce said.
For information contact:
02 December 2010
The Australian Energy Market Commission Annual Report for 2009-2010 was tabled in the South Australian Parliament on Wednesday, 24 November 2010.
It incorporates the Annual Report for the National Electricity Consumers Advocacy Panel 2009-2010.