Australian Energy Market Commission
- Australian Energy Market Commission
The Australian Energy Market Commission (AEMC) was set up by the Council of Australian Governments through the Ministerial Council on Energy in 2005. The AEMC has two roles in relation to national energy markets - as Rule maker and as a provider of advice to Ministers on how best to develop energy markets over time. The AEMC actively considers market development when it considers Rule change proposals and energy market Reviews.
The Australian Energy Regulator enforces these rules that the Australian energy market is to abide by.
The Ministerial Council on Energy estalished the commission in July 2005, under the Australian Energy Market Commission Establishment Act 2004. The Commission includes one full-time and twi part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one is apppointed by the Commonwealth.
In 2008 the AEMC will complete a review of South Australia's retail gas and electricity markets. [cite web |url=http://www.news.com.au/adelaidenow/story/0,22606,22084381-5003680,00.html |title=Controls 'threaten' power companies |date= July 17, 2007|accessdate=2008-06-20 |format= |work= ] The authority is also involved in inter-regional electricity prices and access issues.
The National Gas (South Australia) Act 2008 introduced the National Gas Law (NGL) which commenced in all jurisdictions except Western Australia on 1 July 2008 (replacing the Gas Pipelines Access Law). The National Gas Rules covering gas transmission and distribution in all Australian jurisdictions are to be developed and maintained by the AEMC. The AEMC is responsible for Rule making, market development and policy advice concerning access to natural gas pipelines services and elements of the broader natural gas markets. This is narrower in scope than for the National Electricity Market.
ee also
* Energy policy of Australia
References
External links
* [http://www.aemc.gov.au/ Australian Energy Market Commission]
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