Australian Energy Regulator Revenue and Competitors

The Australian Energy Regulator regulates energy markets and networks under national legislation and rules in eastern and southern Australia, as well as networks in the Northern Territory. Its functions include: - monitoring wholesale electricity and gas markets to ensure energy businesses comply with the legislation and rules, and taking enforcement action where necessary; - setting the amount of revenue that network businesses can recover from customers for using networks (electricity poles and wires and gas pipelines) that transport energy; - regulating retail energy markets in Queensland, New South Wales, South Australia, Tasmania (electricity only), and the ACT; - operating the Energy Made Easy (www.energymadeeasy.gov.au) website, which provides a retail price comparator and other information for energy consumers; - publishing information on energy markets, including the annual State of the energy market report, to assist participants and the wider community. We support the COAG Energy Council, with regular briefings on energy market activity and by providing advice on energy market issues as they arise. We also work with other energy market bodies, including the AEMC and AEMO, on policy matters, rule change processes and market issues. Additionally, we assist the ACCC with energy-related issues arising under the Competition and Consumer Act 2010, including enforcement, mergers and authorisations.