The Australian Energy Market Commission is an independent statutory body with two key roles: making and amending rules for the National Electricity Market, elements of the national gas market and related retail markets; and providing strategic and operational advice to the Energy Ministers' Meeting.
The National Electricity, Gas and Retail Rules made by the AEMC have the force of law.
Under the National Energy Laws, all of the AEMC’s work is guided by the three legislated national energy objectives:
- National electricity objective (NEO)
- National gas objective (NGO)
- National energy retail objective (NERO).
Each objective requires an explicit focus on the long-term interests of energy consumers in our rule making decisions and advice.