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

Since inception, the ERA has reviewed the operation of the EGRC regulatory scheme every year and prepared a report for the Minister for Energy that assessed the effectiveness of the scheme and made recommendations for improvement.

Following publication of the fourth EGRC regulatory scheme review, the State Government changed the timeframe of the review from annually to every two years.

Review of Synergy's Regulatory Scheme 2021-2023

The sixth review of the EGRC regulatory scheme covers the period from 2021 to 2023. On 15 September 2023, the ERA published a discussion paper for stakeholder consultation and sought feedback by 13 October 2023. The ERA received six submissions and is considering these views in preparing its final report for the Minister for Energy.

The ERA will submit its report to the Minister for Energy by 31 December 2023. The ERA’s report will be published after the Minister has tabled the report in each House of Parliament.

ERA Papers

Date Documents File type
15-Sep-23 Discussion paper
Adobe PDF 2 MB

Public submissions received in response to discussion paper

Date Documents File type
23-Oct-23 Alinta Energy
Adobe PDF 174 kB

23-Oct-23 Amanda Energy
Adobe PDF 263 kB

23-Oct-23 Change Energy
Adobe PDF 484 kB

23-Oct-23 Perth Energy
Adobe PDF 199 kB

23-Oct-23 Shell Energy
Adobe PDF 909 kB

23-Oct-23 Synergy
Adobe PDF 256 kB

Page last updated: 23 Oct 2023