Energy Ministers have agreed a Decision Regulation Impact Statement (DRIS) identifying an agreed package of reforms to improve gas pipeline regulation.
The reforms will deliver a simpler regulatory framework that will continue to support the safe, reliable and efficient use of, and investment in, gas pipelines. The reforms will also provide:
- more effective constraints on market power by pipeline operators
- better access to pipelines that would not otherwise provide such access
- streamlined governance arrangements
- better support for commercial negotiations between shippers and service providers, through more transparency (including greater price transparency), and improvements to the negotiation framework and dispute resolution mechanisms.
A draft legislative amendment package is now being prepared detailing the changes required to the National Gas Law and National Gas Rules to implement the agreed reforms. Consultation on the draft legislative amendment package is anticipated to commence in the first half of 2021.
A consultation Regulation Impact Statement (CRIS) was published on 1 November 2019. Submissions on the CRIS and other documents relating to the consultation process is available on the CRIS webpage.