AER release its draft light regulation financial reporting guideline for consultation

As part of a recent rule change by the AEMC, the Australian Energy Regulator (AER) is required to publish a financial reporting guideline for light regulation gas pipelines by October 2019.

The purpose of the light regulation financial reporting guideline is to improve transparency in order to facilitate mutually beneficial negotiations between shippers and pipeline service providers. The guideline will be similar to the non-scheme financial reporting guideline published in 2017. The AER is also required to monitor and enforce compliance of pipeline operators with the information disclosure requirements set out in the guideline.

The AER will be working with its consultant to produce an explanatory statement to accompany the final guideline.

Invitation for submissions

Interested parties are invited to make a submission on the draft guideline by the close of business on 16 September 2019.

Sector: 
Issued date: 
19 August 2019
AER reference: 
AC 111/19
Contact: 
AER General inquiries AERInquiry@aer.gov.au