estimates period. 1.2) SCER will develop enhanced Reporting Framework Commonwealth in December SCER has agreed to budget and performance reporting to Finalised consultation with 2013 an enhanced SCER and the public for the Australian SCER performance and Energy Market Commission (AEMC) accountability and the AER, noting that this will framework for the include the AER providing a regular AEMC and AER. The public report on its activities, including framework its budget and business plan and its comprises: a performance against key performance Statement of indicators (KPIs), as well as its views Expectations to be on emerging regulatory issues that it agreed by SCER; a will be focusing on in its work. Statement of Intent by each organisation; and reporting against Key Performance Indicators in the AEMC and AER annual reports. Statements of Expectations will be developed by officials for SCER consideration. Welcome the Review Commences Commonwealth July 2014 The terms of Commonwealth’s proposed independent review of the (Treasurer and reference for the AER and its operational requirements, Energy Minister) Review will be in to ensure resourcing developed in due 18 months’ is adequate, and the operational course. arrangements are effective, to meet the
estimates period. 1.2) SCER will develop enhanced budget and performance reporting to SCER and the public for the Australian Energy Market Commission (AEMC) and the AER, noting that this will include the AER providing a regular public report on its activities, including its budget and business plan and its performance against key performance indicators (KPIs), as well as its views on emerging regulatory issues that it will be focusing on in its work. Reporting Framework Finalised Commonwealth in consultation with SCER December 2013 SCER has agreed to an enhanced performance and accountability framework for the AEMC and AER. The framework comprises: a Statement of Expectations to be agreed by SCER; a Statement of Intent by each organisation; and reporting against Key Performance Indicators in the AEMC and AER annual reports. Statements of Expectations will be developed by officials for SCER consideration. Welcome the Commonwealth’s proposed independent review of the AER and its operational requirements, in 18 months’ to ensure resourcing is adequate, and the operational arrangements are effective, to meet the Review Commences Commonwealth (Treasurer and Energy Minister) July 2014 The terms of reference for the Review will be developed in due course.
Progress-Report-Mid-2013.docx