The AER today releases its approach to wholesale electricity market monitoring. The approach will guide the first comprehensive long-term monitoring report of the wholesale markets, and help form advice to the COAG Energy Council on the effectiveness of competition and the efficient operation of the National Electricity Market. We will now move to preparing the performance report, which we will deliver in December 2018.
The documents we published today are:
- The Statement of approach, which contains the general approach we will take for our wholesale electricity market performance monitoring functions.
- The 2018 Focus, which identifies the areas we will focus on for the 2018 performance report, and the tools and measures we will use.
- Our Summary and responses to submissions, which contains our responses to the submissions we received in our last round of consultation.
Previously, we published our draft approach on 20 December 2017 and invited submissions to gather stakeholders views. We finalised our Statement of approach and 2018 Focus based on that feedback.