The Australian Competition and Consumer Commission today issued a determination to improve the ability of consumers and businesses to influence the operation of the National Electricity Market.
"For the first time consumer groups and Australian businesses will have the same rights as generators, transmission networks and electricity retailers in influencing changes in the rules governing the operation of the National Electricity Market", ACCC Commissioner responsible for energy matters, Mr Rod Shogren said today.
The changes to the National Electricity Code will require the two National Electricity Market institutions, NECA (the code administrator) and NEMMCO (the market operator), to improve their consultation with consumer groups and businesses.
An industry levy will also be imposed to ensure that consumer groups are better resourced to take part in the continuing development of the National Electricity Market.
"The ACCC's decision means that consumers will now be better placed to benefit from competition in the electricity market", Mr Shogren said.
The ACCC determination also authorises a range of other amendments to the National Electricity Market that are broadly aimed at enhancing the operation of the market through improved information provision, increased demand-side participation and the preservation of pricing signals where there is an imbalance in electricity supply and demand.