About the PanelBackgroundElectricity is a utility service that is essential to the Tasmanian community. It is a key influence on the cost of living and significant factor in driving the competitiveness of Tasmanian businesses and industry. The past decade has seen significant change in the Tasmanian energy industry. There have been many major reforms including the establishment of three Government owned energy businesses, the introduction of alternative energy sources such as gas and wind power and the joining of the National Electricity Market through the Basslink cable. Electricity prices around Australia have risen considerably in recent years and these price increases have also been experienced in Tasmania. Tasmania's electricity prices are determined by the Economic Regulator and all indications are that prices will continue to rise in the future. The Government is committed to ensuring that the cost of living impact of electricity prices is kept to a minimum while ensuring that the sustainability and viability of the Tasmanian energy industry is never compromised. The Government considers that a key point in the ongoing energy reform process has been reached. It is therefore important that an independent assessment of the industry now be undertaken to assess its current status, energy mix, the assumptions that underpin it and to provide guidance for ongoing development. Establishment of Expert PanelThe Government has established an Expert Panel to undertake this assessment under the provisions of the Electricity Supply Industry Expert Panel Act 2010. The Expert Panel comprises three independent members with strong expertise in the energy industry. The legislation requires one member to be designated Chair of the panel, with role being fulfilled by John Pierce. Candidates for the Expert Panel were identified through the established Government Business Board selection process and approved by Cabinet. The Expert Panel will:
Terms of referenceThe Expert Panel shall investigate and report on:
Information to be provided to the Expert PanelFor the purposes of Term of Reference 8, the Expert Panel may be provided, in confidence, with:
In relation to Term of Reference 8, Aurora Energy's Directors, Chairman and senior management are to give evidence before the Expert Panel, if required. Key deliverables and timeframeThe Expert Panel shall:
The Panel may publicly release an Interim Report in relation to Term of Reference 8. Any Reports released by the Panel shall be tabled in both Houses of Parliament. |
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