Reserve power of Minister to reintroduce price determination
91B Reserve power of Minister to reintroduce price determination
This section applies if—
under section 89E, division 3 does not apply to deciding the prices, or the methodology for fixing the prices, that a retailer may charge in relation to the sale of electricity to particular customers; and
either—
the AEMC (the reviewer) conducts an MCE directed review into the effectiveness of competition in the market (the relevant market) to which the sale is relevant; or
an appropriate entity (also the reviewer) conducts a review under section 89D(1) into the effectiveness of competition in the relevant market; and
as a result of the review, the reviewer—
considers that competition in the relevant market is not effective; and
gives advice recommending the reintroduction of price controls on the sale of electricity in the relevant market.
The Minister may decide to make a price determination for the prices that the retailer may charge in relation to the sale of electricity to the customers.
If the Minister decides to make a price determination under subsection (2), division 3, other than section 89E, applies for making the price determination.
In this section—AEMC see the NERL (Qld), section 2.MCE directed review see the NERL (Qld), section 2.
This Act’s bill:Explanatory memorandum
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