The Wholesale Electricity Market in Australia: A Report to the Australian Energy Market Commission
31 March 2008
By Greg Houston and Adrian Kemp et al.
In June 2007, NERA was engaged by the Australian Energy Market Commission (AEMC) to provide advice on the issues that it should consider when assessing the influence of the wholesale gas and electricity markets on competition within the retail gas and electricity markets. The advice provided by NERA took the form of two separate reports; however, since the completion of these reports in June 2007 a number of events have occurred that have resulted in changes to both the structure of the gas and electricity markets in eastern Australia and the demand and supply conditions prevailing within these markets. A number of proposals have also been made that could significantly alter the competitive landscape prevailing within these markets going forward. It is with this in mind that the AEMC requested that NERA update the original reports to ensure that they reflect these changes.
