this commitment by end 2013, only) SCER to report to By end 2013 SCER will report to including, where appropriate, clear COAG COAG with transition transition plans to price deregulation. plans from SCER will provide advice on this to jurisdictions. COAG by the end of 2013. SA deregulated energy retail prices 8.3) Jurisdictions that have previously Report by relevant SA, ACT By end 2013 Only ACT required on 1 February been advised by the AEMC that jurisdictions (Given SA 2013. effective competition exists, and/or to deregulated prices) – deregulate prices, will re-evaluate this will do through advice and report back to SCER on the transition plans potential to act on this advice by the above. end of 2013. 8.4) SCER to develop any necessary Delivery of new All jurisdictions By end 2013 Over the first half of SCER’s enhancements to the AEMC approach to AEMC (through SCER) to 2013 SCER development of competition review approach, retail competition develop new developed and and agreement on incorporating where provided advice reviews through approach and approved a revised new approach to from the AEMC as previously requested SCER (including AEMC to adopt approach to the AEMC competition and taking into account any advice from supporting framework competition reviews AEMC’s the AEMC's review of competition in AEMA reviews. This – NSW, and including proposals to amendments) and includes Terms of COAG AEMA COAG for Australian Energy Market subsequent adoption Reference and amendments Agreement (AEMA) amendments, by by the AEMC amendments to the required 2013 with any new approach to be AEMA to guide the applied annually thereafter. AEMC. SCER presented the Relevant to WA amended AEMA to and the NT only in Options to be provided to COAG by COAG for its relation to potential June 2013 approval on 9 May adoption of AEMC 2013. Subject to review process by approval by COAG, WA or the NT SCER intends to request the AEMC
only) SA deregulated energy retail prices on 1 February 2013. this commitment by end 2013, including, where appropriate, clear transition plans to price deregulation. SCER will provide advice on this to COAG by the end of 2013. SCER to report to COAG By end 2013 SCER will report to COAG with transition plans from jurisdictions. 8.3) Jurisdictions that have previously been advised by the AEMC that effective competition exists, and/or to deregulate prices, will re-evaluate this advice and report back to SCER on the potential to act on this advice by the end of 2013. Report by relevant jurisdictions SA, ACT By end 2013 Only ACT required (Given SA deregulated prices) – will do through transition plans above. 8.4) SCER to develop any necessary enhancements to the AEMC competition review approach, incorporating where provided advice from the AEMC as previously requested and taking into account any advice from the AEMC's review of competition in NSW, and including proposals to COAG for Australian Energy Market Agreement (AEMA) amendments, by 2013 with any new approach to be applied annually thereafter. Options to be provided to COAG by June 2013 Delivery of new approach to AEMC retail competition reviews through SCER (including supporting framework – AEMA amendments) and subsequent adoption by the AEMC All jurisdictions (through SCER) to develop new approach and AEMC to adopt By end 2013 Over the first half of 2013 SCER developed and approved a revised approach to the AEMC’s competition reviews. This includes Terms of Reference and amendments to the AEMA to guide the AEMC. SCER presented the amended AEMA to COAG for its approval on 9 May 2013. Subject to approval by COAG, SCER intends to request the AEMC SCER’s development of and agreement on new approach to AEMC competition reviews COAG AEMA amendments required Relevant to WA and the NT only in relation to potential adoption of AEMC review process by WA or the NT
Progress-Report-Mid-2013.docx