The Australian Energy Market Commission (AEMC) commenced consultation on a rule change request submitted by energy senior officials on behalf of the Ministerial Council of Energy. This rule change request proposes to harmonise the National Energy Rules with the emissions reduction component of the updated National Energy Objectives.
On 20 July 2023, the AEMC published a consultation paper on the rule change request. The AER made a submission to the consultation paper on 17 August 2023.
On 26 October 2023, the AEMC published a draft determination on the rule change request. The draft determination supports the incorporation of emissions reduction in the energy regulatory framework. The draft rule also allows the AER to update guidelines and instrument efficiently in order to streamline consultation and reduce administrative burden on stakeholders. The AER made a submission to the draft determination on 7 December 2023.