Joint advice on power system security, electricity prices and emission reductions

19 April 2017

The Minister for the Environment and Energy has asked the Australian Energy Market Commission (AEMC) to provide advice on policies to enhance power system security and to reduce electricity prices consistent with achieving Australia’s emission reduction targets in the Paris Agreement.  
 
The review will be done jointly with the Climate Change Authority (Authority) and is due for completion by 1 June 2017.
 
The Authority and the AEMC note there has been significant consultation on matters covered by this current special review, most recently through the Authority’s special review on Australia’s climate goals and policies (which covered policies for electricity generation and concluded in 2016), and for the Independent Review into the Future Security of the National Electricity Market (the Finkel Review). The submissions to these review processes are generally accessible and in the public domain. 
 
As key consultation inputs to the review and in the interests of efficiency, the Authority and the AEMC will draw on submissions made to the Independent Review into the Future Security of the National Electricity Market, and relevant previous submissions to the Authority’s Special Review on climate goals and policies.  The AEMC’s ongoing consultation and analysis in relation to the System security market frameworks review will also be utilised.
 
The AEMC would welcome new or revised submissions from interested organisations or individuals on matters relevant to the current special review on electricity policy until 4 May 2017
 
Submissions can be lodged via email to submissions@climatechangeauthority.gov.au or via post to Submissions, Climate Change Authority, GPO Box 787, Canberra ACT 2600.  Submissions will be made immediately available to the AEMC.