Australian Energy Regulator
Encyclopedia
The Australian Energy Regulator (AER) is the regulator of the wholesale electricity and gas markets in Australia. It is part of the Australian Competition and Consumer Commission
and enforces the rules established by the Australian Energy Market Commission
.
The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER. Decisions made by the regulator are subject to appeal.
The current chairman is Andrew Reeves. Reeves has been critical of the rules regarding how prices are determined saying there is a "systematic bias towards inflated forecasts".
Australian Competition and Consumer Commission
The Australian Competition and Consumer Commission is an independent authority of the Australia government. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission and the Prices Surveillance Authority to administer the Trade Practices Act 1974...
and enforces the rules established by the Australian Energy Market Commission
Australian Energy Market Commission
The Australian Energy Market Commission 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...
.
The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER. Decisions made by the regulator are subject to appeal.
The current chairman is Andrew Reeves. Reeves has been critical of the rules regarding how prices are determined saying there is a "systematic bias towards inflated forecasts".
See also
- Australian Energy Market CommissionAustralian Energy Market CommissionThe Australian Energy Market Commission 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...
- Australian Energy Market OperatorAustralian Energy Market OperatorThe Australian Energy Market Operator delivers an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability,...
- Energy policy of AustraliaEnergy policy of AustraliaEnergy policy of Australia describes the energy policy in the politics of Australia. Energy in Australia describes energy and electricity production, consumption and export/import in Australia...