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.
