Australian Energy Market Commission (AEMC)

The energy transition is central to the Australian economy, and our people are at the heart of everything that we do. The Australian Energy Market Commission (AEMC) annual staff awards recognise the outstanding achievements and contributions from staff, towards improving Australia’s future productivity and living standards by contributing to a decarbonising, affordable, and reliable energy system for consumers. The Commission is thrilled to recognise this years winners: Elisabeth Coroneo Martina McCowan Trevor McNeilly Christian Dunk Zak Rich Marcel Lima Jessie Foran Annabelle Evans Dr Madeleine Hartley Amy Wiech Dominique Retamal Anthony Rush   Congratulations and a huge thanks to all!

The Australian Energy Market Commission (AEMC) has released a final determination that allows virtual power plants to compete directly with large-scale generators in the energy market, to the benefit of all consumers through significant cost savings, lower emissions, and reduced energy prices.     The reforms create efficiencies by allowing virtual power plants and commercial and industrial demand response and aggregated batteries to compete directly with traditional power stations.     The Commission's modelling shows that if these resources participate, it could deliver $834 million in cost savings between 2027 and 2050 through more efficient market operation: https://bit.ly/3ZH6DeC

The Australian Energy Market Commission (AEMC) has published a final rule to better protect the electricity system against the threat of cyber attacks, formalising four key cyber security functions for Australian Energy Market Operator (AEMO), and building on existing measures to enhance the resilience of the electricity system.   Robust and clear cyber security measures are of critical importance as the electricity system becomes more digitised, decentralised and interconnected.    The rule, which commences immediately, clarifies the role and responsibilities of AEMO in preparing for and responding to evolving cyber needs, and is designed to work alongside AEMO’s emergency powers and the Australian Energy Sector Cyber Security Framework. Read more: https://bit.ly/4gybkyb

The Australian Energy Market Commission (AEMC) has delivered recommendations to help to ensure that consumers are provided with reliable electricity at times when the market is under stress.    The AEMC report outlines proposed administrative, governance and methodology updates to the guiding compensation frameworks for market directions, market suspension and administered pricing.   AEMC Chair Anna Collyer said the final recommendations follow a review into compensation frameworks and the events of June 2022 when global and local factors culminated in the electricity market entering into an administered pricing period.    “Every day, our people at the AEMC are working towards the small and large scale improvements that will ensure the energy rules are fit for purpose as the geopolitical landscape evolves, climate changes and the market transforms on the journey to net zero,” Ms Collyer said.    More: https://bit.ly/4gwY1xK

Andrew Lewis EGM Consumer, Markets and Analytics at the Australian Energy Market Commission (AEMC) speaking at the Energy Retail Excellence Awards and conference on navigating uncertainties and capitalising on opportunities in a rapidly transforming electricity market. Andrew spoke on the four current key priorities for the AEMC - consumers, consumer energy resources (CER), long-term market design, and transmission, all underpinned by consideration of emissions reduction, and he posed some key questions for retailers: "How will you be prepared to support customers as we move from centralised to distributed generation? From 20 or so generators to millions of sources across utilities and rooftops? "How central are customers today – really – for your businesses? How seamless are you making it for them to bring their private generation and storage technology into the shared grid?" Andrew also appeared on a panel to discuss the question "Are we giving enough priority to fairness and transparency in price formation?" along with fellow panel members David Prins, Lam Phan, Jo De Silva and Catherine Wolthuizen Full speech: https://bit.ly/4iha585

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