Australia Energy Markets
Australia’s energy markets are evolving. In recent years we have seen the introduction of a carbon price, slowing of electricity demand growth, increasing distributed generation, and progress in developing facilities for exporting Liquefied Natural Gas (LNG) in Queensland.
In addition, state and territory governments are implementing other changes affecting the energy market, including steps to further deregulate gas and electricity retail markets.
Living standards in Australia are heavily influenced by electricity and gas markets which sustain our homes, power business and fuel industry. In recent years electricity prices have risen considerably, mainly as a result of rising network costs, as well as environmental policy measures. At the same time the gas sector is facing major structural change in response to major changes in of gas supply and demand.
As rule maker and developer for Australia’s energy market, the AEMC takes a long term view of what needs to be done to assure consumers of reliable, efficiently prices electricity and gas services.