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 elements of natural gas
markets. 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.
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 consumers.
The National Gas Objective, as stated in the
National Gas Law, is to promote efficient investment in,
and efficient operation and use of, natural gas services for the
long term interests of consumers with respect to price, quality,
safety, reliability and security of supply of natural gas.