Biennial review terms of reference
The Australian Energy Market Commission (AEMC) is required to conduct a biennial review into the growth in liquidity in the gas and pipeline capacity trading markets and to report to the Energy Council on whether further reforms are required to achieve its Vision for the Australian Gas Market and/or to promote the National Gas Objective.
The Gas Market Reform Group developed the Terms of Reference (ToR) for the review in consultation with the AEMC, Australian Energy Regulator and the Australian Energy Market Operator. The COAG Energy Council agreed to the ToR in November 2017 and the AEMC is expected to provide their final report 6 weeks prior to the mid-year COAG Energy Council meeting with the first report provided in 2018.
The biennial review ToR are available on the AEMC website.