The Australian Energy Regulator (AER) is the regulatory authority for the wholesale electricity and gas markets in Australia. The AER is a part of the Australian Competition & Consumer Commission, and enforces the rules established by the Australian Energy Market Commission.
 | |
| Agency overview | |
|---|---|
| Formed | July 2005 |
| Headquarters | Melbourne |
| Employees | 146[1] |
| Agency executive |
|
| Parent agency | Australian Competition & Consumer Commission |
| Website | www |
The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER.[2] Decisions made by the regulator are subject to appeal.
Functions
editThe AER's current functions are focused on regulating the natural monopoly transmission and distribution sectors of the national electricity market, monitoring the wholesale electricity market and enforcing electricity market rules. The AER's regulatory functions and powers are conferred upon it by the national electricity law and the national electricity rules.
Under the national electricity law and national electricity rules, the AER's key responsibilities at the present time include:
- regulating the revenues of transmission network service providers by establishing revenue caps
- regulating the revenues of distribution network service providers
- monitoring the electricity wholesale market
- monitoring compliance with the national electricity law, national electricity rules and national electricity regulations
- investigating breaches or possible breaches of provisions of the national electricity law, rules and regulations
- instituting and conducting enforcement proceedings against relevant market participants
- establishing service standards for electricity transmission network service providers
- establishing ring-fencing guidelines for business operations with respect to regulated transmission services
- exempting network service providers from registration.
Staff
editThe AER board currently has five members who are statutory appointments. Part IIIAA of the Competition and Consumer Act provides that two of the members of the AER must be chosen by the Commonwealth, with three of the members chosen by the States and Territories.
Clare Savage is the chair of the AER, and Jim Cox is the deputy chair. The remaining members are Eric Groom, Catriona Lowe and Justin Oliver. The chief executive officer of the AER is Elizabeth Develin.[3]
See also
editReferences
edit- ^ Australian Energy Regulator (7 October 2016). Australian Energy Regulator Annual Report 2015-16 (PDF) (Report). ISBN 9781922145635.
- ^ "Australia: Energy profile". Energy Publisher. EnerPub. Archived from the original on 1 October 2011. Retrieved 27 June 2011.
- ^ "The Board". 5 February 2015.
External links
edit
 | This Australian government-related article is a stub. You can help Wikipedia by expanding it. |