The AER has released its approach to wholesale electricity market monitoring. The approach will guide the first comprehensive long-term monitoring report of the wholesale markets and help inform advice to the COAG Energy Council on the effectiveness of competition and the efficient operation of the National Electricity Market. We have also released our focus for the 2018 performance report, which we will deliver in December 2018.
Our consultation process
We published a discussion paper on 31 August 2017 that outlined options for how we would approach wholesale market monitoring and invited submissions on these options by 13 October 2017. We also held a public forum on 6 October 2017 to listen to stakeholders' views on the issues raised in our discussion paper.
On 20 December 2017, based on the Discussion paper and consultation with stakeholders, the AER published :
- An Update and consultation paper - This outlined our responses to stakeholder submissions on our discussion paper.
- A draft Statement of Approach - This described, in broad terms, the general approach we will take towards fulfilling our wholesale electricity market performance monitoring functions.
- A draft 2018 Focus - This identified the areas we will focus on for the 2018 performance report, and the tools and measures we will use.
We invited interested parties to respond to the issues raised in the draft Statement of approach and 2018 Focus by providing us with written submissions. The consultation period closed 2 February 2018.
After reviewing stakeholder submissions, we published our final Statement of approach and 2018 Focus in March 2018.