you're reading...
Australian Politics

Energy Market Legislation (2009)

Martin Ferguson

The Minister for Resources and Energy, Martin Ferguson AM MP, has welcomed the release of exposure draft legislation to support the establishment of the Australian Energy Market Operator (AEMO).

The creation of AEMO, which will require amendment to the National Electricity and Gas Laws and National Electricity and Gas Rules, will implement the decision of the Council of Australian Governments in April 2007 to strengthen the national character of energy market governance arrangements. The National Gas Law and Rule amendments released yesterday complement the National Electricity Law and Rule amendments released on 19 December 2008.

Minister Ferguson said: “These amendments are essential to the formation of AEMO, a national institution to operate Australia’s energy markets. AEMO will create efficiencies in Australia’s energy markets and will enhance their competitiveness by taking on new functions, including the National Transmission Planner and the production of an annual gas statement of opportunities.”

AEMO will operate gas and electricity markets in all jurisdictions except in Western Australia and the Northern Territory.

Minister Ferguson said: “The Ministerial Council on Energy, comprising Ministers with responsibility for energy from the Australian Government and all States and Territories, is committed to ensuring AEMO is operational by mid-2009. Consultation on the exposure drafts is a key step in achieving this goal.”

Stakeholders are invited to provide comments on the proposed electricity and gas legislative amendments. A public forum was held yesterday to receive initial stakeholder comments on the electricity amendments and a similar forum will be held for the gas amendments on 3 February 2009.

“These are essential reforms that will have a lasting impact on Australian energy supply. I urge all interested parties to become involved in the public consultation process,” Minister Ferguson said.

Media Statement
22nd January 2009
Martin Ferguson
Minister for Resources and Energy, Minister for Tourism

About Craig Hill

Social Justice Campaigner, Writer, Teacher and Business Consultant. Lived in China and USA. Dealing with disability. My articles have been cited in New York Times, BBC, Fox News, Aljazeera, Philippines Star, South China Morning Post, National Interest, news.com.au, Wikipedia and many other international publications. Please consider donating, to support our social justice campaign, by clicking on the "Donations Page" button in the top menu.


One thought on “Energy Market Legislation (2009)

  1. How is this working out? Did it really increase competition?

    Posted by Waldo "Wally" Tomosky | March 25, 2012, 22:47

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

If you liked what you just read, click "Subscribe" to become a follower of the Craig Hill site. You will receive an email each time a new post is published.

Join 1,794 other subscribers

Follow me on Twitter

%d bloggers like this: