ERA consultation: Transfer of WA retail gas market to AEMO

ERA – Economic Regulation Authority

Sep 27
ERA consultation: Transfer of WA retail gas market to AEMO

On 2 September 2016,the Retail Energy Market Company (REMCo) lodged a rule change proposal with the Economic Regulation Authority (ERA) to transition responsibility for the operation of the WA gas retail market from REMCo to the Australian Energy Market Operator (AEMO).

The ERA is seeking feedback on the proposed rule change and on 22 September 2016, provided an issues paper to help interested parties formulate their submissions.  The four key issues identified by the ERA are:

  • transition of responsibility from a State-based to a national entity;
  • the REMCo Constitution to be replaced with a new WA Gas Retail Market Agreement;
  • changes to the retail market rules under the scheme, including compliance and rule change processes and changes to the treatment of small users under the scheme; and
  • changes to the governance model of the gas retail market operator.

Interested parties have until 10 October to provide submissions.