Wholesale electricity market performance monitoring report - Statement of approach

  • Accepting submissions
Sector: 
Segment: 
Status: 
Date initiated: 
31 August 2017
Contact: 
General inquiries - wholesale performance wholesaleperformance@aer.gov.au
AER reference: 
60382

Overview

The AER is seeking further stakeholder input into the development of a new approach to wholesale electricity market monitoring. The approach will guide the first comprehensive long-term monitoring report of the wholesale market and help inform advice to the COAG Energy Council on the effectiveness of competition and the efficient operation of the National Electricity Market.

We published a discussion paper on 31 August 2017 that outlines options for defining effective competition and market efficiency, the products and markets we should consider, the most relevant framework to assess market structure, participant conduct and market performance, and how information should be gathered and reported. We invited interested parties to respond to the issues raised in the discussion paper by providing us with written submissions. The consultation period closed on 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 three documents:

  • An Update and consultation paper - This outlines our responses to stakeholder submissions on our discussion paper. It also explains the role of the two draft documents that set out our approach and invites stakeholder feedback on this approach.
  • A draft Statement of Approach - This describes, in broad terms, the general approach we will take towards fulfilling our wholesale electricity market performance monitoring functions.
  • A draft 2018 Focus - This identifies the areas we will focus on for the 2018 performance report, and the tools and measures we will use.

How to get involved

We are now seeking stakeholder views on the issues raised in the draft Statement of approach and 2018 Focus.

Stakeholders can also register their interest to receive specific updates on this project via wholesaleperformance@aer.gov.au.

Invitation for submissions

We invite interested parties to respond to our draft Statement of approach and 2018 Focus by COB Friday 2 February 2018.