Australian Energy Regulator issues strategic plan and work program

The AER today issued its Strategic plan for 2006-08 and Work program for 2006-07.

"The strategic plan sets out the goals and priorities of the AER", Mr Steve Edwell, AER Chairman said. "With the introduction of new laws and rules for gas and electricity over the coming year, a key focus for the AER will be providing the energy markets with guidance on the operation of the new regime.

"The work program sets out key projects for 2006-07. It outlines general timeframes to enable stakeholders to plan for and participate in regulatory processes".

The issue of the strategic plan and work program coincides with the first anniversary of the commencement of the AER.

"The establishment of the AER is a key initiative of the Australian, state and territory governments to improve the operation of the gas and electricity markets. The AER will provide a one-stop-shop for the regulation of gas and electricity networks", Mr Edwell said.

"The AER's first year has been exciting and fruitful. During the year we saw the successful start-up of the organisation and our first regulatory decisions. We are looking forward to the challenge of assuming responsibility for distribution regulation from 1 January 2007".