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The Electricity Generation and Retail Corporation (EGRC) Regulatory Scheme

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 review report

The ERA has completed its third annual review of the EGRC regulatory scheme for the 2016 calendar year.

We received four public submissions and one confidential submission in response to our discussion paper which was published in May 2017.

Our Report was delivered to the Minister for Energy on 13 September and was tabled in Parliament on 29 November 2017.

Papers

Public submissions