Nexa Advisory welcomes the opportunity to contribute to DCCEEW’s Phase 2 of the Prohibiting Energy Market Misconduct (PEMM) Act Review.
We support the intention to improve protections for consumers, addressing emerging cross‑market misconduct risks as the NEM evolves, and reducing duplication and regulatory burden through clearer governance arrangements. Namely, these reforms should:
- Focus on protecting against cross-market manipulation, through a suite of measures that strengthen market integrity, including through transparent reporting to improve visibility of cross-market contracting behaviour by market participants;
- Avoid duplicative retail regulation, minimising regulatory burden which can impact innovation in retail product and service offerings by energy service providers – particularly as the retail market evolves to support electrification, CER uptake, and tariff reform; and
- Avoid governance changes which undermine clear separation of functions between the AER and ACCC, by streamlining existing arrangements (i.e., ACCC’s NEM Inquiry) so duplication is reduced without defaulting to shifting functions to the AER.
Read our submission here: Nexa Advisory submission – DCCEEW PEMM Review