- April 17, 2018
- Posted by: adennison
- Category: energy
In March 2018, the Australian Energy Regulator (AER), Energy Consumers Australia (ECA) and Energy Networks Australia (ENA) released NewReg, (https://www.aer.gov.au/news-release/consultation-launched-on-new-approach-to-network-regulation) an enhanced, more open approach to electricity network regulation to be tested via a trial with Victorian electricity distribution network AusNet Services.
Farrierswier is pleased to have provided consulting support to the NewReg project including facilitation and project management services.
We congratulate the AER, ECA and ENA on achieving this important milestone.
The NewReg approach aims to improve the efficiency and effectiveness of network regulation, increase consumer trust and confidence in the process, and deliver the outcomes that consumers most value when determining how much they pay for network services. The NewReg project will run a live public engagement process throughout 2018, where consultation on the approach will happen in parallel with a live trial to enable stakeholders to contribute to the development of the approach in real time.