The Council of Australian Governments (COAG) Energy Council is a Ministerial forum for the Commonwealth, states and territories and New Zealand, and is responsible for pursuing priority issues of national significance and key reforms in the energy and resources sectors.
The Council is chaired by the Commonwealth Minister for the Environment and Energy, the Hon Josh Frydenberg MP, with the Commonwealth Minister for Resources and Northern Australia, Deputy Prime Minister the Hon Barnaby Joyce MP, representing resources matters.
The Council works closely with Energy Consumers Australia, and the National Offshore Petroleum and Environmental Management Authority, and has oversight of the following three energy market institutions responsible for the operation of national energy markets:
- the Australian Energy Market Commission (AEMC)—the rule maker and market development adviser
- the Australian Energy Market Operator (AEMO)—the system operator
- the Australian Energy Regulator (AER)—the economic regulator and rule enforcer
The Council’s work on national energy and resources reform covers these broad themes:
- Overarching responsibility and policy leadership for Australian gas and electricity markets
- Promotion of energy efficiency and energy productivity in Australia
- Australian electricity, gas and petroleum product energy security
- Cooperation between Commonwealth, state and territory governments
- Facilitating the economic and competitive development of Australia’s mineral and energy resources
The Council’s priority is to deliver secure, reliable and affordable energy for all Australians while reducing emissions. Key areas of focus include:
- Security and reliability of the National Electricity Market
- Empowering consumers
- Energy market transformation
- Australian gas markets
- Energy and carbon policy
- Energy productivity
- Improving institutional performance
- Energy market governance
The COAG Energy Council meets as needed—a minimum of twice a year. The agenda for each meeting reflects the relevant priorities and challenges at that time, but generally involves opportunities for stakeholder contribution to the Council's deliberations. Officials also progress issues and consult with stakeholders out of session.