Wholesale performance reporting

The National Electricity Law and the National Gas Law requires us to monitor the wholesale electricity and gas markets and their associated contract markets. 

We report on their performance as part of our enhanced wholesale market monitoring and reporting function. In general, we are required to identify and analyse whether: 

• there is effective competition in the wholesale markets,
• there are features of the markets that may be detrimental to effective competition,
• there are features of the markets that may be detrimental to market efficiency and the achievement of the National Electricity Objective or National Gas Objective.

The overarching purpose of these functions is to promote effective market competition and efficient market functioning of wholesale electricity and gas spot and contract markets. 

Through regular monitoring and reporting of how those markets operate and interact, we will improve market transparency, provide well-informed advice and analysis, and enable deeper insights into retail markets and drivers underpinning prices ultimately paid by consumers.