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Annual Review of Synergy’s Regulatory Scheme

The Electricity Generation and Retail Corporation (EGRC) regulatory scheme was put in place to manage the merger of Verve Energy and Synergy, which became the Electricity Generation and Retail Corporation, trading as Synergy, on 1 January 2014.

The EGRC regulatory scheme includes requirements for ring-fencing, business segregation, transfer pricing, non-discriminatory wholesale electricity trading and the provision of standard products.

Each year, the ERA reviews the operation of the EGRC regulatory scheme and prepares a report for the Minister for Energy assessing its effectiveness and making recommendations for improvements.

Review of Synergy's Regulatory Scheme 2017

The ERA has completed its fourth review of the scheme for 2017.

We received four submissions in response to our issues paper that we published on 13 March 2018.

The report was delivered to the Minister for Energy on 9 January 2019 and it was tabled in Parliament on 8 May 2019.

The ERA found deficiencies in each of the main elements of the Synergy regulatory scheme. The recommendations for improvement include changes to improve pricing discipline and opportunities for contracting in wholesale supplies, and broadening the non-discrimination requirements. The ERA has also recommended greater transparency in Synergy’s financial reporting sufficient to expose any anti-competitive behaviour.

ERA Papers

Showing 2 results.
  
    
Date Documents File type
08-May-19 Report to the Minister on the Effectiveness of the Electricity Generation and Retail Corporation Regulatory Scheme 2017
Adobe PDF 701 kB

13-Mar-18 EGRC Review 2017 Discussion Paper
Adobe PDF 747 kB

Description: The Electricity Generation and Retail Corporation (EGRC) Regulatory Scheme - EGRC Review 2017 Discussion Paper

Public submissions received in response to discussion paper

Showing 5 results.
  
    
Date Documents File type
30-Apr-18 Public submission - Review of EGRC Regulatory Scheme 2017 - Kleenheat
Adobe PDF 3 MB

Description: Public submission - Review of EGRC Regulatory Scheme 2017 - Kleenheat
30-Apr-18 Public submission - Review of EGRC Regulatory Scheme 2017 - Perth Energy
Adobe PDF 1 MB

Description: Public submission - Review of EGRC Regulatory Scheme 2017 - Perth Energy
30-Apr-18 Public submission - Review of EGRC Regulatory Scheme 2017 - Alinta
Adobe PDF 553 kB

Description: Public submission - Review of EGRC Regulatory Scheme 2017 - Alinta
30-Apr-18 Public submission - Review of EGRC Regulatory Scheme 2017 - Synergy
Adobe PDF 149 kB

Description: Public submission - Review of EGRC Regulatory Scheme 2017 - Synergy
30-Apr-18 Public submission - Review of EGRC Regulatory Scheme 2017 - Synergy attachment 1
Adobe PDF 163 kB

Description: Public submission - Review of EGRC Regulatory Scheme 2017 - Synergy attachment 1
Page last updated: 08 May 2019