The first function conferred on the AER under section 15 of the NEL is monitoring compliance with the NEL and the National Electricity Rules (NER) by registered participants and other persons. By monitoring activity and behaviour in the market, the AER is able to assess compliance and identify breaches of the NEL and NER.
The AER’s monitoring of the wholesale electricity market includes:
maintaining a ‘market snapshot’ on the AER website, including up-to-date information on the wholesale electricity market
weekly public reporting, including details of market outcomes for each week
preparing public reports when the spot price exceeds $5000/MWh.