Energy Security Board

Overview of the Energy Security Board

In August 2017 a new Energy Security Board (ESB), chaired by Dr Kerry Schott AO, was established by the COAG Energy Council. The Board’s role is to coordinate the implementation of the reform blueprint produced by Australia's Chief Scientist, Dr Alan Finkel AO.

The ESB will also provide whole of system oversight for energy security and reliability to drive better outcomes for consumers. The ESB comprises an Independent Chair, Independent Deputy Chair and the heads of the Australian Energy Market Commission, Australian Energy Regulator and Australian Energy Market Operator.

The ESB reports to the COAG Energy Council. Each year the ESB will deliver a Health of the National Electricity Market report to COAG Energy Council that will track the performance of the system, the risks it faces, and the opportunities for improvement.

On 20 December 2017, the ESB delivered the inaugural Health of the National Electricity Market Report.  The Report assesses the present health and outlook for the NEM.

The Report and the ESB Media Release: Health of the NEM Report can be found here.

National Energy Guarantee

In October 2017 the ESB provided the COAG Energy Council with advice on changes to the changes to the National Electricity Market (NEM) and legislative framework. The proposed National Energy Guarantee (NEG) aims to support the provision of reliable, secure and affordable electricity with a focus on ensuring:

  • the reliability of the system is maintained

  • electricity sector emissions reductions needed to meet Australia’s international commitments are achieved

  • the above objectives are met at the lowest overall costs.

Consultation paper for draft design of the Guarantee

On 24 November 2017, the COAG Energy Council agreed that the ESB should provide further advice on the Guarantee. This is to be provided in April 2018, after broad consultation.  On 15 February 2018 the ESB published a consultation paper for the draft design of the Guarantee. This consultation paper has been prepared by the ESB to facilitate public consultation on the high-level design of the proposed Guarantee and to seek stakeholder submissions. 
More information on the consultation paper can be found here.
Recent Energy Security Board announcements

National Energy Guarantee high-level design - 20 April 2018

Media Release: Call for public submissions on the National Energy Guarantee

National Energy Guarantee modelling – 27 Oct 2017

Energy Security Board: Ministerial power to make rules – 18 Sept 2017

Media release: Establishment of the Energy Security Board – 8 Aug 2017

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