The EGRC regulatory scheme was put in place with the merger of Verve Energy and Synergy, which became the Electricity Generation and Retail Corporation, and began 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 by Synergy of standard products.
Each year we review the operation of the EGRC regulatory scheme and prepare a report for the Minister for Energy assessing its effectiveness and making recommendations for improvements.
2016 EGRC Report
The ERA is currently undertaking its third annual review of the EGRC regulatory scheme for the 2016 calendar year. On 22 May 2017 we released a discussion paper seeking comment from interested parties on issues that will assist us to undertake the 2016 review.
The submission period closed on Friday 30 June 2017. Submissions will soon be made available on this page.
We are currently preparing our 2016 Report, which we expect to provide to the Minister for Energy in August 2017.
You can access papers and submission from the previous reviews below.