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 has two roles in relation to national energy markets - as rule maker and as a provider of advice to Ministers on how best to develop energy markets over time. The AEMC actively considers market development when it considers rule change proposals, policy advice and energy market reviews.

The Australian Energy Regulator enforces these rules that the Australian energy market is to abide by.

The Ministerial Council on Energy established the commission in July 2005, under the Australian Energy Market Commission Establishment Act 2004. The Commission includes one full-time and two part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one is appointed by the Commonwealth.

In 2008, the AEMC completed a review of Victoria's and South Australia'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-regional electricity prices and access issues.