Our work on recommendations relating to competitiveness in the energy industry includes developing a reporting framework and reference price.
Electricity and gas retail markets review implementation 2018 (competitiveness)
This project has been initiated following the Victorian Government’s interim response to the recommendations made by the independent bipartisan review of electricity and gas retail markets on 11 March 2018. The government has requested that we monitor and report on the competitiveness and efficiency of the Victorian energy retail market. This review is due for completion by 31 December 2019.
We are developing a reference price methodology
As part of this monitoring and reporting role, we will develop a methodology for determining a reference price.
We understand that a robust methodology has to consider the perspectives of consumers and industry, as well as other organisations and interested parties.
We consulted stakeholders on our proposed methodology
We recently invited submissions on a consultation paper that sets out a proposed methodology and will work directly with stakeholders to understand any further points that require consideration. Submissions on the consultation paper closed on 17 April 2018.