Australian Energy Market Commission (AEMC)

Household electricity bills could be 13 per cent lower in 10 years’ time, driven by the continued rollout of large-scale renewables and storage. That is the headline message from the Australian Energy Market Commission (AEMC)’s latest analysis of Australia’s clean energy transition. The report highlights the importance of wind generation as a key resource in putting downward pressure on energy prices, as it brings diversity alongside solar generation.  It also found that reducing delays in connecting new generation helps provide downward pressure on pricing, and that maintaining transmission investment is core to keeping prices as low as possible. Our Chief Executive, Kane Thornton, said: "The bottom line of the AEMC’s review is that renewables firmed by storage and transmission, coupled with continued consumer-led investment in rooftop solar and batteries, place Australia firmly in the driver’s seat to deliver tangible cost of living relief." For more on the economic benefits renewables can bring to communities, check out our recently released report, Billions in the Bush: https://lnkd.in/geacfS5r #cleanenergy #renewableenergy https://lnkd.in/gQa-2S_h

Australian Energy Market Commission (AEMC) Chair Anna Collyer in The Australian Financial Review on the release of our Price Trends report which shows “what’s having the most impact on prices for customers with enough time so that policymakers can see what’s happening and have levers to pull that they can do something about it”: https://lnkd.in/gvtEAuhA

Australian Energy Market Commission (AEMC) Chair Anna Collyer today on the Australian Broadcasting Corporation (ABC):   "After hearing stakeholder concerns about consumer impacts, we strengthened protections around tariff changes while maintaining an ambitious but achievable 2030 target"   https://lnkd.in/gFDiKdrU

The Australian Energy Market Commission (AEMC) today released its analysis of residential electricity prices over the next decade, showing how Australian households could significantly reduce their total spending on energy – including electricity, gas, and petrol – through a well-managed transition to electrification. Read more: https://bit.ly/3ZrcBkK

The Australian Energy Market Commission (AEMC) has made a landmark decision today requiring universal smart meter deployment across the National Electricity Market by 2030, delivering benefits sooner to consumers while ensuring strong customer protections.   AEMC Chair Anna Collyer said the reforms recognise smart meters as essential infrastructure for transitioning to a renewable energy system and achieving net zero emissions targets.   "Smart meters are the digital foundation needed for a modern, connected and efficient energy system. This reform will help households and businesses increasingly interact with the grid and energy markets as we support the cost-effective decarbonisation of the energy system," Ms Collyer said.   More: https://bit.ly/49dQtOg

Want to understand how Australia's energy rules are evolving?    Australian Energy Market Commission (AEMC) Commissioner Tim Jordan breaks down the future of our energy market on the latest Energy Insiders podcast. From EV integration to managing two-way energy flows, hear his insights on reshaping our grid for the renewable era.   Giles Parkinson and David Leitch host this discussion on the rule element of Australia's energy transformation.   Listen now at: https://lnkd.in/gSS359rd

Anna Collyer, Australian Energy Market Commission (AEMC) Chair spoke at Monash University about the research partnerships the AEMC has developed in recent years, and why the need for more research work in energy has never been more important:   “We aren’t the only energy system in the world grappling with questions about storage, but the sheer scale of Australia’s grid, and our variable renewable energy growth, mean that many issues are being faced here for the first time, globally. And, given the magnitude and complexity of change in the transition, we at the AEMC know we can’t answer every question alone….   “As Alan Finkel sometimes puts it, if we succeed in this transition it isn’t just a once-in-generation or once-in-a-century achievement. When we reach our low emissions goals, the change will be a once in human history event.”   https://lnkd.in/g9bMbcAt #connectingpolicyandresearch (photos courtesy of Monash Business School Impact Labs)

Anna Collyer, Chair of the Australian Energy Market Commission (AEMC) in Utility Magazine this week on consumer energy resources (CER), the road ahead, and how we can ensure that this new system works for everyone, including those who can’t invest in their own energy resources: https://lnkd.in/gGh_MMab

The Australian Energy Market Commission (AEMC) today released a consultation paper as part of a comprehensive review into electricity pricing - marking a significant step toward designing a pricing framework that better serves Australian energy consumers. Just as ride-sharing apps fundamentally transformed transport services, rapid technological change is reshaping how Australians use and pay for electricity. With solar panels, batteries, electric vehicles and neighbourhood batteries becoming commonplace, the AEMC is examining how electricity pricing needs to evolve. AEMC Chair Anna Collyer said the review comes at a critical time as millions of Australian households and businesses embrace new energy technologies known as consumer energy resources. ''With one in four Australian homes now having solar panels, and predictions of one in two by 2040, we need to ensure our pricing frameworks keep pace with how consumers want to use and interact with the energy system.'' More: https://bit.ly/4ff7bPd

Today, the Australian Energy Market Commission (AEMC) Energy Market Commission hosted our third Connecting Policy and Research Forum, bringing together brilliant minds to shape the future of our energy sector. Our distinguished speakers shared valuable insights: ⚡ Dr Gordon Leslie (Monash University) who discussed bridging the gap between electrons and economics in the future National Electricity Market ⚡Dr Dr Veronika Nemes (University of Melbourne) who explored principles for integrating ancillary services in a high variable renewable energy world ⚡Professor Stefan Trueck (Macquarie University) who examined risk management and hedging strategies for retailers ⚡Dani Alexander (CEO, UNSW Energy Institute) who presented on designing markets that allow for flexibility and options. AEMC CE Benn Barr emphasised our commitment to serving customers: "Through forums like this, we bring together researchers, industry and policy practitioners to discuss forward-looking questions about market design and frameworks.’’ Special thanks to our Commissioners Sally McMahon and Tim Jordan for their insights on market evolution, and Dr Neil Lessem, our Head of Economics, who outlined key research questions shaping the AEMC's future work program. These collaborative discussions are vital as we work to ensure our market frameworks can adapt while serving the long-term interests of consumers. #connectingpolicyandresearch