Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
REMOVAL OF INTERVENTION HIERARCHY
COAG Decision Regulation Impact Statement – Australian Energy Market Commission
On 10 September 2020, the Australian Energy Market Commission (AEMC) released the final rule National Electricity Amendment (Removal of Intervention Hierarchy) Rule 2020.
The AEMC has made a final determination to replace the existing hierarchy of interventions with principles providing flexibility for the Australian Energy Market Operator to select the supply scarcity mechanism or combination of mechanisms that minimise direct and indirect costs and are effective at addressing the conditions of supply scarcity.
The reasons for the decision and the relationship to achieving the National Electricity Objectives are set out in the attached rule determination.
The National Electricity Amendment (Removal of Intervention Hierarchy) Rule 2020 has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Government’s Decision RIS.
Please note: any accessibility queries should be directed to the Australian Energy Market Commission