A regulatory package to implement reforms to gas pipeline regulation, as agreed by Energy Ministers, has commenced operation.
The gas pipeline reforms are intended to deliver a simpler regulatory framework, increased market transparency and improved access to pipelines on fair terms.
It is estimated the reforms will deliver savings of $1 billion over 20 years to the Australian economy through reduced pipeline transport costs and improved pipeline access.
The Bill received Royal Assent from the Governor of South Australia on 29 November 2022 and commenced operation on 2 March 2023:
- A notice of proclamation was published in South Australian Government Gazette no 14 (dated Thursday 2 March 2023), page 464. See the South Australian Government Gazette.
- See the legislation: National Gas (South Australia) Act 2008 (PDF 2.04 MB) incorporates the pipeline reform measures.
- The initial Rules associated with the Act have been made and are available on the Australian Energy Market Commission (AEMC) website. See the AEMC website.
Energy Ministers published an information paper in early 2022 to provide interested parties with a high-level overview of:
- how the new gas pipeline regulatory framework is intended to operate; and
- the transitional arrangements that will be implemented to facilitate an orderly transition to the new framework.
Information on previous stages of development of the gas pipeline regulation reforms can be found at the following links:
- Energy Ministers agree final package of gas pipeline regulatory amendments 22 April 2022 – final package agreed
- Energy Ministers agree to gas pipeline reforms 3 May 2021 (regarding DRIS)
- Energy Ministers release gas pipeline Decision Regulation Impact Statement 3 May 2021 (press statement regarding DRIS)
- Council releases gas pipeline Regulation Impact Statement for consultation 1 September 2019 (regarding RIS)