Standardisation, Capacity Trading Platform and Reporting Framework
On Friday 24 November 2017, the COAG Energy Council agreed to the Gas Market Reform Group’s (GMRG) final recommendations on the design of the standardisation reforms, capacity trading platform and reporting framework for secondary trades.
The GMRG’s recommendations follow extensive stakeholder consultation over the last nine months. Feedback on the design of the reform was provided by a range of gas producers, retailers, gas users, pipeline service providers, the Australian Competition and Consumer Commission, Australian Energy Market Operator, the Australian Energy Market Commission and the Australian Energy Regulator. The design recommendations were also informed by advice from the GMRG’s legal advisor, Johnson Winter & Slattery and economic consultant, NERA Economic Consulting.