Wholesale electricity prices in Victoria and South Australia have risen since the closure of the Hazelwood power station, according to the Australian Energy Regulator (AER), with other states in the National Electricity Market (NEM) also affected.

The National Electricity Law (NEL) requires the AER to monitor the wholesale market and report on its performance at least every two years. We are required to identify and analyse whether: there is ‘effective competition’ within the relevant wholesale market, as defined in the NEL there are features of the market that may be detrimental...

State governments have spent up to $20 billion more than was needed on the electricity grid, and households and businesses are paying for it through their power bills.

The panel has reviewed the performance of the National Electricity Market (NEM) in terms of reliability, security and safety over the 2016/17 period, in accordance with the requirements of the National Electricity Rules.

This Climate Council roadmap outlines how Australia can cut its rising greenhouse gas pollution levels, while continuing the transition to clean, affordable and reliable renewable energy and storage technology.