The Australian Energy Market Commission (AEMC) is the rule
maker and developer for Australian energy markets. As a national,
independent body they are responsible for the detailed rules for
the National Electricity Market (NEM). To further support the
development of these markets, the AEMC also provides strategic and
operational advice to the Council of Australian Governments'
Ministerial Council on Energy.
The objective of the AEMC’s
work is to ensure efficient, reliable and secure energy market
frameworks which serve the long-term interests of consumers.
Accordingly, the AEMC’s work reflects the view that effective
competition at wholesale and retail levels, together with balanced
regulation for transmission and distribution is the best way to
deliver efficient, reliable and safe energy for electricity and gas
The National Electricity Objective, as stated in the
National Electricity Law, is to promote efficient
investment in, and efficient operation and use of, electricity
services for the long term interests of consumers of electricity,
specifically with respect to:
- Price, quality, safety, reliability, and security of supply of
- The reliability, safety and security of the national