AEMC Seeks Public Input on New Electricity Pricing Framework

The Australian Energy Market Commission (AEMC) has launched a consultation paper to reshape electricity pricing to better meet consumer needs. As solar panels, batteries, and electric vehicles become household staples, AEMC aims to align pricing with the evolving energy landscape.

AEMC Chair, Anna Collyer, emphasized the importance of adapting to new consumer energy resources. “With one in four homes already equipped with solar panels, it’s critical to have pricing frameworks that match consumer expectations and maximize benefits,” said Collyer. Integrating these technologies could yield $6.3 billion in benefits by 2040.

The AEMC’s focus areas include:

Developing flexible market arrangements that cater to diverse consumer needs and preferences.

Defining the role of distribution networks to create incentives and efficient cost outcomes for consumers.

Ensuring that retailers offer pricing and service options aligned with consumer demands.

Collyer noted that the AEMC is prioritizing a forward-looking strategy for this review, comparing it to transformations seen in the digital realm. The agency has set up an Advisory Group and Stakeholder Reference Group for continued feedback throughout the process.