The Australian Energy Market Commission has accepted an invitation to join the International Confederation of Energy Regulators (ICER), a body designed to facilitate collaboration between regulatory authorities worldwide. The ICER was established following the fourth World Forum on Energy Regulation held in Athens, Greece in 2009. The aim of ICER is to improve public and policy maker awareness and understanding of energy regulation and its role in addressing a wide spectrum of socio-economic, environmental and market issues.
"The ICER is a positive and timely development," said AEMC Chairman, John Tamblyn. "There are many common challenges for energy market design and regulation, particularly in managing the transition to lower carbon energy sectors. International engagement through the ICER will enable us to gain from the experience of others, and provide a forum to share insights drawn from the high-quality analytical work undertaken by our own energy market institutions. The practical emphasis on electronic communication and telephone conferencing will ensure that the costs of participation are kept to an acceptable level."
Further information about the framework is available on the ICER website.