Energy

Under the Australian Energy Market Agreement has policy oversight over a cooperative gas and electricity legislative regime, as detailed below:

• The National Electricity Law(NEL)  is the Schedule to the National Electricity (South Australia) Act 1996 which establishes the governance and enforcement framework and key obligations surrounding the national electricity market and the regulation of access to electricity networks. The NEL is applied by State and Territory application legislation in NSW, Vic, Qld, SA, Tas and the ACT.
  The NEL is supported by the National Electricity Rules (NER) which outline the detail of the operation of the national electricity market and regulation of electricity networks.
• The National Gas Law(NGL) is the Schedule to the National Gas (South Australia) Act 2008 which establishes the governance and enforcement framework and key obligations surrounding the access to gas pipelines and establishes a gas market bulletin board. From 1 July 2008 the NGL is applied by State and Territory application legislation in NSW, Vic, Qld, SA, Tas, the NT and ACT. WA is expected to adopt the NGL through complementary legislation in October 2008
• The NGL is supported by the National Gas Rules (NGR) which deal with the details of the access regime and bulletin board.
• The Australian Energy Market Commission Establishment Act 2004, which establishes the Australian Energy Market Commission (AEMC) and Part IIIAA of the Trade Practices Act 1974 which establishes the Australian Energy Regulator (AER).
• Australian Energy Market Act 2004 (Cth) applies the NEL and NGL in the offshore area and deals with other matters concerning the Commonwealth involvement in the energy regimes.