 | |
| statutory authority overview | |
|---|---|
| Formed | 2005 |
| Jurisdiction | Government of Australia |
| Headquarters | Sydney |
| Annual budget | A$24.3 million (2018)[1] |
| statutory authority executive |
|
| Website | www |
The Australian Energy Market Commission (AEMC) was set up by the Council of Australian Governments through the Ministerial Council on Energy in 2005. The AEMC was established by the Australian Energy Market Commission Establishment Act 2004 (SA),[2] and commenced in July 2005. The Commission consists of one full-time and two part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one Commissioner is appointed by the Commonwealth.
In 2008, the AEMC completed a review of Victoria's and South Australia's retail gas and electricity markets.[3][4] In both states it was found that competition in the market was adequate for deregulation. The authority is also involved in inter-regional electricity prices and access issues.
- ^ "AEMC 2017–2018 Annual Report" (PDF).
- ^ Australian Energy Market Commission Establishment Act 2004 (SA)
- ^ "Remove electricity price controls: review". ABC Local. Australian Broadcasting Corporation. 1 March 2008. Retrieved 7 February 2011.
- ^ "Review of the Effectiveness of Competition in Electricity and Gas Retail Markets in South Australia". Australian Energy Market Commission. 18 December 2008. Archived from the original on 18 February 2011. Retrieved 7 February 2011.