The Australian Energy Regulator (AER) is the regulator of the wholesale electricity and gas markets in Australia. It is part of the
Australian Competition & Consumer Commission
The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Tra ...
and enforces the rules established by the
Australian Energy Market Commission
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 was established by the ''Australian Energy Market Commission Establishment Act 2004' ...
.
The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER.
Decisions made by the regulator are subject to appeal.
Functions
The AER's current functions are focused on regulating the natural monopoly transmission and distribution sectors of the national electricity market, monitoring the wholesale electricity market and enforcing electricity market rules. The AER's regulatory functions and powers are conferred upon it by the national electricity law and the national electricity rules.
Under the national electricity law and national electricity rules, the AER's key responsibilities at the present time include:
* regulating the revenues of transmission network service providers by establishing revenue caps
* regulating the revenues of distribution network service providers
* monitoring the electricity wholesale market
* monitoring compliance with the national electricity law, national electricity rules and national electricity regulations
* investigating breaches or possible breaches of provisions of the national electricity law, rules and regulations
* instituting and conducting enforcement proceedings against relevant market participants
* establishing service standards for electricity transmission network service providers
* establishing ring-fencing guidelines for business operations with respect to regulated transmission services
* exempting network service providers from registration.
Staff
The AER board currently has five members who are statutory appointments. Part IIIAA of the Competition and Consumer Act provides that two of the members of the AER must be chosen by the Commonwealth, with three of the members chosen by the States and Territories.
Clare Savage is the chair of the AER, and Jim Cox is the deputy chair. The remaining members are Eric Groom, Catriona Lowe and Justin Oliver. The chief executive officer of the AER is Elizabeth Develin.
See also
*
Australian Energy Market Commission
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 was established by the ''Australian Energy Market Commission Establishment Act 2004' ...
*
Australian Energy Market Operator
*
Energy policy of Australia
The energy policy of Australia is subject to the regulatory and fiscal influence of all three levels of government in Australia, although only the State and Federal levels determine policy for primary industries such as coal. Federal policies ...
*
Australian Competition & Consumer Commission
The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Tra ...
References
External links
Australian Energy Regulator
Commonwealth Government agencies of Australia
Energy in Australia
2005 establishments in Australia
Government agencies established in 2005
Energy regulatory authorities
Regulatory authorities of Australia
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