Regulatory developments in gas
transmission to bring in more
supply to the market
Australian Domestic Gas Market Conference
Euan Morton
16 March 2017
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Evolution of Australian Pipelines
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Timeline of reform
1993
Hilmer Report
Recommended
implementation of National
Competition Policy,
including
Corporatisation of
government owned utilities
Third party access
Legislation review
1997
Gas Code
introduced
1995
Victoria DB Sales
National Access Regime
introduced in Trade
Practices Act
National Competition
Council established
COAG signs the three
intergovernmental
agreements that create
the NCP
1992
Council of Australian
Government (COAG)
established
1994
Office of Regulator-
General (Victoria)
established
1996
National
Electricity Law
introduced
1998
Productivity
Commission
established
National Electricity
Market commences
operations
20001980 19901985 1995Tariff Reductions
2008
National Gas
Law introduced
2006
COAG review of
National
Competition Policy
Resulted in
Competition and
Infrastructure
Reform Agreement
AER, AEMC,
AEMO
established
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Examination of the current regulatory test
Key recommendations:
1. Transparency &
pricing principles
2. Binding commercial
arbitration
3. GMRG be tasked
to develop detail
4. No change to
current coverage
test at this stage
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Three sets of issues arise from the
broader gas reform program
Transparency
& pricing
principles
Binding
commercial
arbitration
Capacity
auctions
Important to consider cumulative impact of reforms
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Beware of unintended consequences