Australian Energy Regulator

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Australian Energy Regulator (AER) is the regulator of the wholesale electricity and gas markets in Australia. It is part of the Australian Competition and Consumer Commission and enforces the rules established by the Australian Energy Market Commission.The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER. Decisions made by the regulator are subject to appeal.The current chairman is Andrew Reeves. Reeves has been critical of the rules regarding how prices are determined saying there is a "systematic bias towards inflated forecasts".The Australian Energy Market Operator (AEMO) delivers an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Marke (NEM) and the Victorian gas transmission network.