AER decides amendments are not required to the CBA and FBP guidelines following recent rule changes

The Australian Energy Regulator (AER) has published a statement of reasons on why we have decided not to undertake a review of the Cost Benefit Analysis (CBA) and Forecasting Best Practice (FBP) guidelines in response to recent Australian Energy Market Commission (AEMC) final rules. 

The AEMC’s final rules for “Improving consideration of demand side factors in the ISP“ and “Better integration of gas and community sentiment in the ISP” required the AER to review the CBA and FBP guidelines and, where necessary or desirable, amend and publish them. 

We do not consider that the final rules have resulted in any incompatibility with our guidelines, nor have we identified any changes that are necessary or desirable to include at this time. In coming to this position, we assessed the consistency of content between the updated National Electricity Rules and our guidelines.

The Statement of Reasons outlines our actions taken in response to the publication of the final rules, and why we did not consider amendments to be necessary or desirable. 

While we are not opening the guidelines for review at this time, we regularly review our guidelines to ensure they remain fit for purpose. 

Should interested stakeholders wish to provide feedback, they may do so by contacting us via RITguidelinesaer [dot] gov [dot] au (RITguidelines[at]aer[dot]gov[dot]au).