The ERIG Review ‘Energy Reform: The way forward for Australia’

This is another belated and back-dated article – this one pertaining to another major reform initiative in the NEM, the ERIG Review.

On p44 of the report below, the following is noted:

‘At its meeting on 10 February 2006, COAG agreed that further reform of Australia’s energy sector would yield significant efficiency and energy security benefits.

COAG convened the Energy Reform Implementation Group (ERIG). ERIG was asked to report before the end of 2006 on reform recommendations for:

» achieving a fully national transmission grid including the most suitable governance and transitional arrangements having regard for COAG’s objective of achieving a truly national approach to the future development of the electricity grid, the legitimate commercial interests of asset owners, and the need to promote investment that supports the efficient provision of transmission services;
» any measures that may be necessary to address structural issues affecting the ongoing competitiveness and efficiency of the electricity sector; and
» any measures that may be necessary to ensure there are transparent and effective financial markets to support energy markets. ‘

The panel consisted of:

• Bill Scales (who was Chair of ERIG)
• Geoff Carmody
• David Swift
• Alan Rattray

 

Currently the 303-page full report ‘Energy Reform The way forward for Australia’ can be downloaded here:

Pages 2 to 43 of the larger PDF above were also published separately here, as a bit of (lengthy!) Executive Summary, I guess.

 

Additionally, in searching for the above, I found the following report from KPMG ‘Review of Energy Related Financial Markets Electricity Trading ’ which has a November 2006 date and appears to have been an input into the ERIG process: