Australian Energy Market Commission
Encyclopedia
The Australian Energy Market Commission (AEMC) was set up by the Council of Australian Governments
through the Ministerial Council on Energy in 2005. The AEMC has two roles in relation to national energy market
s - as rule maker and as a provider of advice to Ministers on how best to develop energy markets over time. The AEMC actively considers market development when it considers rule change proposals, policy advice and energy market reviews.
The Australian Energy Regulator
enforces these rules that the Australian energy market is to abide by.
The Ministerial Council on Energy established the commission in July 2005, under the Australian Energy Market Commission Establishment Act 2004. The Commission includes one full-time and two part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one is appointed by the Commonwealth.
In 2008, the AEMC completed a review of Victoria
's and South Australia
's retail gas and electricity markets. In both states it was found that competition in the market was adequate for deregulation
. The authority is also involved in inter-regional electricity price
s and access issues.
The National Gas (South Australia) Act 2008 introduced the National Gas Law (NGL) which commenced in all jurisdictions except Western Australia on 1 July 2008 (replacing the Gas Pipelines Access Law). The National Gas Rules covering gas transmission and distribution in all Australian jurisdictions are to be developed and maintained by the AEMC. The AEMC is responsible for Rule making, market development and policy advice concerning access to natural gas pipelines services and elements of the broader natural gas markets. This is narrower in scope than for the National Electricity Market.
Since its establishment, the AEMC Commissioners have been:
Council of Australian Governments
The Council of Australian Governments is an organisation consisting of the federal government, the governments of the six states and two mainland territories and the Australian Local Government Association. It was established in May 1992 after agreement by the then Prime Minister, Premiers and...
through the Ministerial Council on Energy in 2005. The AEMC has two roles in relation to national energy market
Energy market
Energy markets are those commodities markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy...
s - as rule maker and as a provider of advice to Ministers on how best to develop energy markets over time. The AEMC actively considers market development when it considers rule change proposals, policy advice and energy market reviews.
The Australian Energy Regulator
Australian Energy Regulator
The Australian Energy Regulator is the regulator of the wholesale electricity and gas markets in Australia. It is part of the Australian Competition and Consumer Commission and enforces the rules established by the Australian Energy Market Commission....
enforces these rules that the Australian energy market is to abide by.
The Ministerial Council on Energy established the commission in July 2005, under the Australian Energy Market Commission Establishment Act 2004. The Commission includes one full-time and two part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one is appointed by the Commonwealth.
In 2008, the AEMC completed a review of Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
's and South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...
's retail gas and electricity markets. In both states it was found that competition in the market was adequate for deregulation
Deregulation
Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or...
. The authority is also involved in inter-regional electricity price
Electricity retailing
Electricity retailing is the final process in the delivery of electricity from generation to the consumer. The other main processes are transmission and distribution.- Beginnings :...
s and access issues.
The National Gas (South Australia) Act 2008 introduced the National Gas Law (NGL) which commenced in all jurisdictions except Western Australia on 1 July 2008 (replacing the Gas Pipelines Access Law). The National Gas Rules covering gas transmission and distribution in all Australian jurisdictions are to be developed and maintained by the AEMC. The AEMC is responsible for Rule making, market development and policy advice concerning access to natural gas pipelines services and elements of the broader natural gas markets. This is narrower in scope than for the National Electricity Market.
Since its establishment, the AEMC Commissioners have been:
- Dr John Tamblyn - Chairman and Commissioner (2005-2010);
- Professor Ian Woodward - Commissioner; Chairman of AEMC Audit Committee; Chair Reliability Panel (2005 - 2010);
- Ms Liza Carver - Commissioner (2005 - 2008);
- Mr John Ryan - Acting Commissioner (2008 - 2009);
- Mr Neville Henderson - Commissioner, Chair Reliability Panel (Appointed 2009);
- Mr John Pierce - Chairman and Commissioner (Appointed 2010);
- Dr Brian Spaulding - Commissioner (Appointed 2010).
See also
- Australian Energy Market OperatorAustralian Energy Market OperatorThe Australian Energy Market Operator delivers an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability,...
- Energy policy of AustraliaEnergy policy of AustraliaEnergy policy of Australia describes the energy policy in the politics of Australia. Energy in Australia describes energy and electricity production, consumption and export/import in Australia...