Navigating a path through the national energy policy morass

The almost weekly major energy policy announcements by State and Commonwealth Governments in recent times brings to mind the old cliche of never letting a good (energy) crisis go to waste. Sadly, the lack of national direction and various recent uncoordinated Government policy announcements to address short term political problems could be laying the groundwork […]

AEMC Draft rule on new obligations on electricity network businesses for replacement assets

On 11 April 2017, the Australian Energy Market Commission (AEMC) published its draft rule determination in response to a rule change request submitted by the Australian Energy Regulator (AER) to extend the regulatory investment test (RIT) to replacement capital expenditure (repex) and increase transparency of investment planning information.

Central Elements of Effective Policy Making

This policy update provides a brief and general review of the most recent policies, strategies and initiatives announced in the lead up to the Federal election. A central role for Government is to set the policy framework for its constituents. This is not an easy task, especially if we take into account the constrained timelines […]

Applying the Hilmer Principles on economic regulation to changing energy markets

Recently there have been remarkable changes in the technologies of power production and delivery and profound changes in the characteristics of demand.  Synergies Economic Consulting (Synergies), in cooperation with Professor George Yarrow, have been commissioned by the Energy Networks Association (‘ENA’) to assess whether the Hilmer Committee original overarching framework for the regulation of the […]

Navigating the Australian electricity pricing reform roadmap: First steps

The first steps in one of the holy grails in the Australian National Electricity Market ((NEM), electricity pricing reform, truly commenced in late 2015 with the submittal by each of the Victorian Distribution Network Service Providers (DNSPs) of their Tariff Structure Statements (TSSs). The Australian Energy Regulator (AER) held a public workshop on the TSSs […]