(1) The Coordinator
must review the operation of the wholesale electricity market, and prepare a
report based on the review —
(a) as
soon as practicable after the 3 rd anniversary of the day on which the
Electricity Industry Amendment (Distributed Energy Resources) Act 2024 section
3 comes into operation; and
(b)
after that, at intervals of not more than 3 years.
(2) The purpose of the
review is to assess the extent to which the State electricity objective has
been or is being met.
(3) The Coordinator
must give the Minister a written report based on the review not later than 3
years and 6 months after —
(a) for
the first review, the day on which the Electricity Industry Amendment
(Distributed Energy Resources) Act 2024 section 3 came into operation; or
(b) for
a subsequent review, the last preceding report was laid before each House of
Parliament under subsection (5)(a).
(4) If the Coordinator
considers that the State electricity objective has not been and is not being
met in whole or in part, the report must set out recommendations as to how the
State electricity objective can be met.
(5) As soon as
practicable after receiving the report, the Minister must —
(a)
cause the report to be laid before each House of Parliament; and
(b)
prepare a response to the report and cause the response to be laid before each
House of Parliament.
(6) As soon as
practicable after the report is laid before each House of Parliament, the
Coordinator must post a copy of the report on a website maintained by the
Coordinator.
[Section 128 amended: No. 9 of 2020 s. 22; No. 1
of 2024 s. 34.]