COAG Energy Market Reform - Implementation Plan - Report on Progress - Mid 2013 Key Issues Key Recommendations Key Milestones Primary Delivery Progress Notes responsibility dates (as put to and agreed by COAG 7 December 2012) Strengthening Welcome the Commonwealth proposal Formalised in 13/14 Commonwealth 1 July 2013 The Commonwealth Relevant to Governance to increase funding to the Australian Budget has provided an Western Australia Energy Regulator (AER) to increase its additional $23 million (WA) as it relates Ensuring a strong and technical expertise and improve its of funding over four to the AEMC and accountable regulator capacity to effectively perform its role years to the AER, the Northern and deliver its new functions including commencing Territory (NT) under the revised rules for economic regulation of networks. Endorse strengthening consumer input Panel established by in network pricing decisions through the AER (from 1 July establishment of the Consumer 2013) see 6.2. – Challenge Panel within the AER. 1.1) That the part-time state nominated Formalised in 13/14 Commonwealth 1 July 2013 The part-time AER Board member convert to full-time. Budget state/territory AER member will be converted to a time position (effective 1 July 2013). Note that the Commonwealth will Formalised in 13/14 Commonwealth 1 July 2013 The 2013-14 introduce budget transparency for the Budget Australian AER, including the actual allocation of Competition and program funds over the course of the Consumer previous financial year and provide Commission (ACCC) information on projected AER funding Portfolio Budget and staffing (separately from that of the Statement separately Australian Competition and Consumer identifies the AER Commission (ACCC)) over the forward budget.
COAG Energy Market Reform - Implementation Plan - Report on Progress - Mid 2013 Key Issues Key Recommendations (as put to and agreed by COAG 7 December 2012) Key Milestones Primary responsibility Delivery dates Progress Notes Strengthening Governance Ensuring a strong and accountable regulator Welcome the Commonwealth proposal to increase funding to the Australian Energy Regulator (AER) to increase its technical expertise and improve its capacity to effectively perform its role and deliver its new functions including under the revised rules for economic regulation of networks. Formalised in 13/14 Budget Commonwealth 1 July 2013 The Commonwealth has provided an additional $23 million of funding over four years to the AER, commencing Relevant to Western Australia (WA) as it relates to the AEMC and the Northern Territory (NT) Endorse strengthening consumer input in network pricing decisions through the establishment of the Consumer Challenge Panel within the AER. Panel established by AER (from 1 July 2013) – see 6.2. 1.1) That the part-time state nominated AER Board member convert to full-time. Formalised in 13/14 Budget Commonwealth 1 July 2013 The part-time state/territory AER member will be converted to a position (effective 1 July 2013). Note that the Commonwealth will introduce budget transparency for the AER, including the actual allocation of program funds over the course of the previous financial year and provide information on projected AER funding and staffing (separately from that of the Australian Competition and Consumer Commission (ACCC)) over the forward Formalised in 13/14 Budget Commonwealth 1 July 2013 The 2013-14 Australian Competition and Consumer Commission (ACCC) Portfolio Budget Statement separately identifies the AER budget. time
Progress-Report-Mid-2013.docx