11 Feb 2021
Submissions Due: 11th February, 2021
The Australian Energy Market Commission (AEMC) have just announced it will review the rules around smart meters to see if more can be done to improve customer benefits.
Click here to view the consultation paper.
Smart meters will play an important role as the two-sided market develops in line with the uptake of emerging technologies including electric vehicles and batteries, which is currently being reviewed by the Energy Security Board as part of their Post-2025 Market Design consultation.
The current consultation is broader in scope than originally envisaged when it was built into the initial rule which was introduced in December 2017. The review will take a more holistic approach of the regulatory framework for metering services.
The metering reforms were meant to lead to a significant uptake of smart meters and provide customers with better information, cost reflective pricing, new products and services and better retail and network services. The current consultation will determine if these expectation were met and whether amendments are required to improve the regulatory framework for metering services.
Create a Policy Strategy with Nexa Advisory
The AEMC is seeking stakeholder input and engagement on the consultation paper for metering reforms. The reforms will impact a range of interests across the market. A pro-active first step for market participants is to develop a policy position to understand how this market reform may impact your organisation.
Contact Nexa Advisory about what these changes and reviews might mean for your business and help you create and implement policies that shape the energy system and position you for success.