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Australian Energy Market Commission
The Australian Energy Market Commission (AEMC) was set up by the Council of Australian Governments through the Ministerial Council on Energy in 2005. The AEMC was established by the ''Australian Energy Market Commission Establishment Act 2004'' (SA), and commenced in July 2005. The Commission consists of one full-time and two part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one Commissioner is appointed by the Commonwealth. In 2008, the AEMC completed a review of Victoria's and South Australia South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...'s retail gas and electricity markets. In both states it was found that competition in the market was adequate for deregulation. The authority is also involved in inter-r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Authority
A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being empowered or delegated to set rules (for example regulations or statutory instruments) in their field. They are typically found in countries which are governed by a British style of parliamentary democracy such as the United Kingdom and the Commonwealth countries like Australia, Canada, India and New Zealand. They are also found in Hong Kong, Israel and elsewhere. Statutory authorities may also be statutory corporations, if created as a body corporate. Australia Definitions Federal statutory authorities are established under the ''PGPA Act 2013''. "A statutory authority is a generic term for an authorisation by Parliament given to a person or group of people to exercise specific powers. A statutory authority can be established as a corporate Commonwealth entity or a non-corporate Common ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Energy Market Operator
The Australian Energy Market Operator (AEMO) performs an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market (NEM), the Wholesale Electricity Market (WA) (WEM) and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability, overseeing these retail markets in eastern and southern Australia. It is additionally responsible for national transmission planning for electricity and the establishment of a Short Term Trading Market (STTM) for gas. AEMO has several departments within such as Engineering and Design, Forecasting, National Planning, Operational forecasting, Markets and Strategies as well as administrative, safety, peopleculture and human resources departments. AEMO is the semi-governmental body that acts as the information source for the industry's and manufacturers outlook on the national electricity policies, forecast as well as future plans. The o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Regulatory Authorities
Energy () is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, the internal energy contained within a thermodynamic system, and rest energy associated with an object's rest mass. These are not mutually exclusive. All living organisms constantly take in and release energy. The Earth's climate and ecosystems processes are driven p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Establishments In Australia
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. Humans, and many other animals, have 5 digits on their limbs. Mathematics 5 is a Fermat prime, a Mersenne prime exponent, as well as a Fibonacci number. 5 is the first congruent number, as well as the length of the hypotenuse of the smallest integer-sided right triangle, making part of the smallest Pythagorean triple ( 3, 4, 5). 5 is the first safe prime and the first good prime. 11 forms the first pair of sexy primes with 5. 5 is the second Fermat prime, of a total of five known Fermat primes. 5 is also the first of three known Wilson primes (5, 13, 563). Geometry A shape with five sides is called a pentagon. The pentagon is the first regular polygon that does not tile the plane with copies of itself. It is the largest face any of the five regular three-dimensional regular Platonic solid can have. A conic i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Established In 2005
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Government Agencies Of Australia
A commonwealth is a traditional English term for a political community founded for the common good. The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the 15th century. Originally a phrase (the common-wealth or the common wealth – echoed in the modern synonym "public wealth"), it comes from the old meaning of "wealth", which is "well-being", and was deemed analogous to the Latin ''res publica''. The term literally meant "common well-being". In the 17th century, the definition of "commonwealth" expanded from its original sense of " public welfare" or " commonweal" to mean "a state in which the supreme power is vested in the people; a republic or democratic state". The term evolved to become a title to a number of political entities. Three countries – Australia, the Bahamas, and Dominica – have the official title "Commonwealth", as do four U.S. states and two U.S. territories. Since the early 20th century, the term has been used to name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale electricity market. The Australian Energy Market Commission develops and maintains the Australian National Electricity Rules (NER), which have the force of law in the states and territories participating in NEM. The Rules are enforced by the Australian Energy Regulator. The day-to-day management of NEM is performed by the Australian Energy Market Operator. NEM operations began on 13 December 1998 and currently covers Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the NEM. The NEM comprises five regions, with the ACT being in the NSW region. Tasmania joined the NEM in May 2005 and became fully operational on 29 April 2006 w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Policy Of Australia
Energy policy in Australia is managed by the states and territories as well as at the federal level. The federal government sets the broad energy framework, including national targets for renewable energy, emissions reduction, and energy security. It is responsible for implementing national energy policies, overseeing the operation of the National Electricity Market, national electricity market (NEM), regulating fossil fuel industries, and managing energy subsidies and tax incentives. Additionally, the federal government plays a key role in coordinating national energy infrastructure projects, including large-scale renewable energy initiatives, and sets legislation that governs energy efficiency standards, and environmental protections. State and territory governments in Australia are responsible for implementing energy policies at the local level, including managing energy infrastructure, overseeing electricity networks, and setting state-specific renewable energy targets. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Pierce (public Servant)
John Eric Pierce is a senior Australian public servant and policymaker. From 2010 to 2020, he acted as Chairman of the Australian Energy Market Commission. Life and career Pierce joined the NSW Department of the Treasury in 1993 as its Chief Economist. He went on to become Secretary of the Department for nearly 12 years from 1997 until November 2008, NSW's longest serving Treasury Secretary since 1922. During his time as Secretary of the NSW Treasury, Pierce was a key architect of the Iemma government's plan to privatise the state's electricity industry. Between August 2004 and January 2005 he was on assignment in the United States, based at Boston University to explore policy options to respond to long-term budget pressures from an aging population and expenditure growth. In March 2009, Pierce joined the Australian Public Service, as Secretary of the Department of Resources, Energy and Tourism. In June 2010, Pierce was appointed Chairman and Commissioner of the Australian En ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Australia
The Australian Government, also known as the Commonwealth Government or simply as the federal government, is the national Executive (government), executive government of Australia, a federalism, federal Parliamentary system, parliamentary constitutional monarchy. The executive consists of the Prime Minister of Australia, prime minister, Cabinet of Australia, cabinet ministers and other ministers that currently have the support of a majority of the members of the Australian House of Representatives, House of Representatives (the lower house) and also includes the Australian Government#Departments, departments and other List of Australian Government entities, executive bodies that ministers oversee. The Albanese government, current executive government consists of Anthony Albanese and other ministers of the Australian Labor Party (ALP), in office since the 2022 Australian federal election, 2022 federal election. The Prime Minister of Australia, prime minister is the Head of gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Energy Regulator
The Australian Energy Regulator (AER) is the regulatory authority for the wholesale electricity and gas markets in Australia. The AER is a part of the Australian Competition & Consumer Commission, and enforces the rules established by the Australian Energy Market Commission. The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER. Decisions made by the regulator are subject to appeal. Functions The AER's current functions are focused on regulating the natural monopoly transmission and distribution sectors of the national electricity market, monitoring the wholesale electricity market and enforcing electricity market rules. The AER's regulatory functions and powers are conferred upon it by the national electricity law and the national electricity rules. Under the national electricity law and national electricity rules, the AER's key responsibilities at the present time include: * r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Retailing
Electricity retailing is the final sale of electricity from electricity generation, generation to the end-use consumer. This is the fourth major step in the electricity delivery process, which also includes electricity generation, generation, electric power transmission, transmission and electricity distribution, distribution. Beginnings Electricity retailing began at the end of the 19th century when the bodies which generated electricity for their own use made supply available to third parties. In the beginning, electricity was primarily used for street lighting and trams. The public could buy once large scale electric companies had been started. The provision of these services was generally the responsibility of electric companies or municipal authorities who either set up their own departments or contracted the services from private entrepreneurs. Residential, commercial and industrial use of electricity was confined, initially, to lighting but this changed dramatically with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
