Energy Security Board – National Energy Guarantee: Consultation Regulation Impact Statement
Publication date: Friday, 29th June 2018.
The Energy Security Board released the Consultation Regulation Impact Statement (RIS) for the National Energy Guarantee (the Guarantee) on 29 June 2018 and received 4 submissions. The consultation process is now closed and the Energy Security Board thanks stakeholders for their participation.
Stakeholder submissions will help inform the Energy Security Board’s Decision RIS. The Decision RIS will be provided to COAG Energy Council Ministers before they consider the Guarantee’s detailed design at the COAG Energy Council meeting on 10 August 2018. It will be published after the meeting.
COAG RIS Process
COAG's RIS process involves a Consultation RIS and a Decision RIS. The Consultation RIS canvasses regulatory options and their costs and benefits, and seeks stakeholder feedback. The Decision RIS recommends a preferred approach, taking into account stakeholder feedback, and assists Ministers with their decision. Each RIS is assessed by the Office of Best Practice Regulation (Commonwealth) for compliance with the COAG RIS guidelines.