AEMCPAGE 1 Towards Smarter Regulation 28 May 2015 JOHN PIERCE AUSTRALIAN ENERGY MARKET COMMISSION World Forum on Energy Regulation.

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Presentation transcript:

AEMCPAGE 1 Towards Smarter Regulation 28 May 2015 JOHN PIERCE AUSTRALIAN ENERGY MARKET COMMISSION World Forum on Energy Regulation

Australia’s National Electricity Market AEMCPAGE 2 NEM equivalent * Map is to scale

Heat map: solar PV growth in Australia AEMCPAGE MW4000MW+

Falling growth in electricity consumption AEMCPAGE 4

Principles for modern energy regulators Flexible and resilient enough to respond to change, whatever comes. Embrace the consumer driven transformation of energy markets Develop a whole of market demand side participation program Dedicate time and resources to studying relevant emerging trends Rigorous consumer research focussed on state of retail competition AEMCPAGE 5

AEMCPAGE 6