The COAG Energy Council established the Gas Market Reform Group (GMRG) to lead the design, development and implementation of:
- a information disclosure and 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.
Further information on each of these activities is provided at the link below: