About energy market institutions
The National Energy Market is governed by a single set of national institutions.
These institutions were established by the Council of Australian Governments (COAG) in the Australian Energy Market Agreement.
The central Australian Energy Market institutions are as follows:
- Standing Council on Energy and Resources (SCER)
The Standing Council on Energy and Resources (SCER) was established by the COAG to replace the Ministerial Council on Energy (MCE) in 2011 as the national policy and governance body for the Australian energy market including for electricity and gas. SCER has responsibility for high level policy decisions affecting Australia's energy markets.
Through the SCER, Energy Ministers are responsible for the legislative and regulatory framework within which Australian energy markets operate.
- The Australian Energy Market Commission (AEMC)
AEMC is responsible for the regulation and market development of electricity and natural gas transmission and distribution networks and retail markets.
- The Australian Energy Regulator (AER)
AER is the principle regulator of energy in Australia. It is responsible for enforcing the rules for the national electricity market and for economic regulation of electricity and gas transmission distribution networks and retail markets.
- The Australian Energy Market Operator (AEMO)
AEMO operates the wholesale national electricity and gas markets and undertakes market development functions to maintain system security and safety.
For more information about energy market institutions in Australia contact email@example.com.