Australian Energy Regulator

There's essentially three or four bodies, depending how you look at it.

There's the Australian Energy Regulator, there's the Australian Energy Market Commission, there's the Australian Energy Market Operator, and we throw in the Clean Energy Regulator.

Now, each of those bodies have particular tasks, but collectively those bodies are in charge of Australia's energy system, generating, transmitting, supplying electricity.

Yep.

Ask the next question.

Yeah, no.

Because I was going to say, I think at one point, The head of the Australian Energy Regulator body, the CEO, was an old Marsland boy.

Who was that? Paul Fearon, I think.

It doesn't mean only 33 chargers are installed and operating.

The Australian Energy Regulator has extended the deadline for identifying the final sites to the 22nd of October '26, confirming suitable locations and working through council engagement have contributed to the delay, with the regulator accepting some factors are outside the network's control.

The original trial also requires at least 5% of the chargers to support vehicle-to-grid capacity, and that is a trial condition.

It's not a promise that every EV parked outside one can export electricity.

In the consultation period, we had a discussion with a lot of players who pointed out to us, uh, in good faith that to achieve the modest oversupply, there's various ways of doing it.

And so what we've landed on is the model we announced yesterday, which is, uh, r- reservation up to 20% of exports, but with the Australian Energy Regulator, uh, assessing demand.

Under the scheme, the Energy Regulator would forecast local gas demand a year in advance, and then the minister would compel companies to keep that and up to 10% extra for local gas consumers

That really gives us the opportunity to genuinely provide that modest oversupply each year, so cater for all the gaps, all the shortages that are always forecast, and just a little bit extra

And in the consultation period, we had a discussion with a lot of players who, uh, pointed out to us, i-in good faith, uh, that to achieve the modest oversupply, there's various ways of doing it.

And so what we've landed on is the model we announced yesterday, which is, uh, re-reservation up to twenty percent of exports, uh, but with the Australian Energy Regulator, uh, assessing demand, uh, each year on a five-yearly rolling basis and determining what that modest supply looks... modest oversupply, uh, looks like within that twenty percent parameter.

And so therefore, that really gives us the opportunity to genuinely provide that modest oversupply each year, so cater for all the gaps, all the shortages that are always forecast, and just a little bit extra.

But not, but not reserving gas that Australians don't use or don't need.

Uh, also, there's international factors.

But what we do say, Sally, uh, very clearly, is that this is the policy, uh, which has the best utility to reduce gas prices, uh, down to the levels that Australian industry needs to remain competitive.

Under your proposal, the Australian Energy Regulator would set exporters obligations each year to provide enough gas to meet 110% of forecast domestic demand, uh, capped at twenty percent, as we've been saying.

Australian Energy Producer's, uh, Chief Executive Samantha McCulloch says this would, quote, "Destroy investment signals and crowd out smaller domestic focus producers." Are you taking such concerns seriously as you, uh, consult, uh, on these draft laws?

I can gain some of that.

the consequence of that was that a uh effectively invited yeah they're sorry they've got to stick away from those things the australian energy regulator the body that sort of has the responsibility to come up with the default market offer and the solar saver often you used s

for so there you go

one each on that one each on acronyms at the moment um so it sort of said well you can you can got to recover some of your costs you're sort of supposed to be whole we want to see this competition and service again so they said no worries up the up your daily fee that was like there's no justification there other than raping and pillaging the customer there's an encouragement to the retailers to play a shell game to basically steal our money and You know, that's not what we want.

If it's pouring with rain and there's no solar in the network, we shouldn't be trying to turn on everybody's hot water at the same time.

This is the sort of thing that we should be trying to do, is to lower our cost of it, but not impact on the system.

If you read through the material that was provided by the AER, the Australian Energy Regulator, and by the government, et cetera, You should read between the lines.

It actually says we're actually hoping this isn't too big a success because if it is a success,

Electricity, gas, internet and mobile plans are essential services, but their costs can vary significantly depending on usage, season and provider.

According to the Australian Energy Regulator, the average household electricity bill in recent years has ranged roughly between $1,500 and $2,500 annually.

though this varies widely depending on location and consumption habits.

Electricity use spikes during extreme weather.