The Gas Market Reform Group (GMRG) was established by the Council of Australian Governments Energy Council in August 2016 to lead the design, development and implementation of:

  • a new information disclosure and commercial arbitration framework for non-scheme pipelines;
  • the capacity trading reform package, which provides for the development of a capacity trading platform, a day-ahead auction of contracted but un-nominated capacity, a reporting framework for secondary capacity trades and the development of standard terms to facilitate the trade of transmission pipeline and compression services; and
  • the development of the terms of reference for the Australian Energy Market Commission’s (AEMC) biennial review on the growth in liquidity in wholesale gas and pipeline capacity trading markets.