Expert Panel Delivers Final ReportThe independent Expert Panel tasked with reviewing Tasmania’s electricity sector today handed its Final Report to the Treasurer and Minister for Energy. "The Final Report is the culmination of 17 months of detailed, evidence-based investigation by the Panel, which has included extensive and highly involved consultation with both industry participants and the broader Tasmanian The Final Report contains the Panel’s recommendations for the development of a new Tasmanian Energy Strategy. "The Panel’s simple message is that effective retail competition for households and small businesses will not be delivered without structural reform of the wholesale energy market", Mr Pierce said. "The recommended structural reform package will bring about genuine and enduring retail competition and, ultimately, deliver significant economic benefits to the State." The four key components of the Panel’s proposed package involve:
The Final Report also makes recommendations on several priority issues that the Panel considers require immediate attention. The proposed measures include: amending the regulatory framework that is used to set small business and household electricity prices; addressing the unsustainable commercial position of the Tamar Valley Power Station; and improving the oversight and reporting arrangements that apply to the State-owned energy businesses. "Implementing the Panel’s recommendations will provide the best chance of delivering the kind of vibrant competition that was envisaged when the Tasmanian Government embarked on the important energy market reform project in the 1990s", Mr Pierce said. The Final Report has been tabled in the Tasmanian Parliament and is now available for download on this website. |
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