Transcript The Australian Energy Regulation

The Australian Energy
Regulator
QLD Electricity distribution
determination 2015–2020
Meeting with FNQ
consumers/stakeholders
15 January 2014
TOPICS
 Welcome
 Role
of the AER
 Qld electricity determination
◦ Reset timeline
◦ Framework and approach (F&A)
 Future
engagement
 Questions
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Electricity supply chain $$
Retail
Retailer
pays
Generator
for Energy
• Energy purchasing
• Sales
• Billing/payment processing
• Inquiries
Customers pay
Retailer for “bundled”
service of delivered
energy.
Retailer pays
Distributor for
Delivery of Energy
Distributor
Distributor pays
Transmission for
Delivery of Energy
via Transmission
Network
AEMO Electricity
Trading Pool
Customers
Transmission
GWh
Generation
Network Activities
Transmission & Distribution
The AER’s electricity
reset for 2015–20 deals
with the distribution
network only.
NATIONAL ELECTRICITY OBJECTIVE
“…to promote efficient investment in, and
use of, electricity services for the long
term interests of consumers of electricity
with respect to:
 price, quality, reliability and security of
supply and
 the safety, reliability and security of the
national electricity system.”
- National Electricity Law
4
OUR GOALS
Promoting efficient
investment and
operation of energy
networks
Build consumer
confidence in energy
markets
Strengthen
Promote competitive
stakeholder
and efficient energy
engagement in
energy markets and
markets
regulatory processes
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WHY ARE CONSUMERS IMPORTANT?
AER
Businesses
Consumers
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QLD RESET PROCESS
 We
are responsible for regulating
the revenues Energex and Ergon
Energy may earn.
 We conduct revenue resets every
five years
 We have commenced the QLD reset
process for 2015–2020
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WHAT’S DIFFERENT THIS TIME
2012 Rule
changes
• Improve the AER’s ability to determine
network prices so consumers don’t pay
more than necessary for the services they
require
Better
Regulation
Program
• Updating and improving the AER’s
processes under the new Rules
• Seven new guidelines e.g. consumer
engagement, expenditure incentives
End of
transitional
arrangements
• Transitional arrangements applied to the
classification of services, control
mechanism, incentive schemes.
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TIMELINES
Dec 2013
30 April 2014
Preliminary positions F&A
F&A published
April 2015
AER publishes
preliminary
determination
31 Oct 2014
Businesses submit
regulatory proposals
1 July 2015
Submissions on
revised regulatory
proposals close
June 2015
Revised regulatory
proposals submitted
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Jan/Feb 2015
Submissions on
regulatory proposals
close
31 October 2015
AER publishes final
determination
QLD F&A | WHY IS IT IMPORTANT?
 Provides
an opportunity for you to
have a say in:
◦ which services to regulate
(classification)
◦ meter bundling
◦ public lighting
◦ price controls (control mechanisms)
◦ incentive schemes
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QLD F&A | GOING FORWARD
Preliminary F&A
• Published December 2013. Available at
www.aer.gov.au/node/20187
Submissions on the preliminary F&A
• Close on Wednesday 19 February 2014
Final F&A
• Must be published by 30 April 2014. We expect
to publish early April.
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FURTHER CONSULTATION
 What
do you want to know?
 How can we assist?
 Contact:
[email protected]
or
Moston Neck
Robyn Lowien
07 3835 4669
07 3835 4659
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QUESTIONS?
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