The Australian Energy Regulator (AER) is responsible for the regulation of the natural monopoly transmission and distribution sectors of the national electricity market, monitoring the wholesale electricity market and enforcing national electricity law and rules.
A key feature of this regime is the monitoring and analysis of the behaviour of participants in the national electricity market. By monitoring activity and behaviour in the market, the AER is able to assess compliance and identify breaches of the law and rules. 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.
Following stakeholder feedback, the AER is now publishing the weekly report in a new format. The streamlined weekly report includes information on the movements in the contract market, together with analysis of market outcomes and rebidding behaviour when spot price outcomes exceed three times the weekly average.
