Federal Register of Legislation - Australian Government

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A Bill for an Act to amend the Productivity Commission Act 1998, and for related purposes
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Registered 23 Mar 2023
Introduced Senate 22 Mar 2023
Table of contents.

2022‑2023

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

 

Productivity Commission Amendment (Electricity Reporting) Bill 2023

 

No.      , 2023

 

(Senator Duniam)

 

 

 

A Bill for an Act to amend the Productivity Commission Act 1998, and for related purposes

  

  


Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Amendments                                                                                                3

Productivity Commission Act 1998                                                                          3

 

 


A Bill for an Act to amend the Productivity Commission Act 1998, and for related purposes

The Parliament of Australia enacts:

1  Short title

                   This Act is the Productivity Commission Amendment (Electricity Reporting) Act 2023.

2  Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this Act

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3  Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1Amendments

  

Productivity Commission Act 1998

1  Section 3

Insert:

quarter means a period of 3 months beginning on 1 January, 1 April, 1 July or 1 October.

2  After paragraph 6(1)(f)

Insert:

                    (fa)  to report to the Minister on retail electricity prices, and energy sources for electricity generation, in each State, the Australian Capital Territory and the Northern Territory; and

3  At the end of Part 4

Add:

Division 3Quarterly reporting on retail electricity prices and energy sources for electricity generation

22A  Quarterly reporting on retail electricity prices and energy sources for electricity generation

             (1)  The Commission must, for each quarter, prepare a report that sets out the information required by subsections (2) and (4).

Retail electricity prices

             (2)  The report must set out the following information in relation to retail electricity prices in each State, the Australian Capital Territory and the Northern Territory during the quarter:

                     (a)  the lowest, average and highest market offer price in the State or Territory, in respect of the unit price and daily supply charge;

                     (b)  the lowest, average and highest standing offer price in the State or Territory, in respect of the unit price and daily supply charge.

             (3)  The report may set out the information required by subsection (2) by reference to different kinds of users of electricity, as the Commission considers appropriate.

Energy sources for electricity generation

             (4)  The report must also set out an estimate, that is as accurate as reasonably practicable, of the percentage of electricity generated in each State, the Australian Capital Territory and the Northern Territory during the quarter from each of the following energy sources:

                     (a)  coal;

                     (b)  natural gas;

                     (c)  hydro;

                     (d)  wind;

                     (e)  solar;

                      (f)  any renewable energy source not mentioned in paragraph (c), (d) or (e);

                     (g)  any other energy source.

Giving report to Minister and tabling in Parliament

             (5)  The report must be given to the Minister within 30 days after the end of the quarter.

             (6)  The Minister must cause a copy of the report to be tabled in each House of the Parliament no later than the first sitting day of that House after the report is given to the Minister.

Definitions

             (7)  In this section:

daily supply charge means a fixed amount per day that is charged by an electricity retailer to cover the costs of maintaining the supply of electricity to a premises, including the costs associated with general administration and the provision of equipment (excluding metering and associated services).

electricity retailer means a corporation authorised by or under a law of the Commonwealth or of a State or Territory to sell electricity.

market offer price means a price charged by an electricity retailer for supplying electricity (other than a standing offer price) that is set directly by the electricity retailer, and includes discounts for various factors.

standing offer price means a price charged by an electricity retailer for supplying electricity in any of the following circumstances:

                     (a)  the retailer is required under a law of a State of Territory to offer to supply the electricity;

                     (b)  the electricity is not supplied under a contract.

Note:          Examples of the circumstances covered by paragraph (b) include the following:

(a)    a person starts consuming electricity at premises without first contacting the retailer;

(b)    a person continues consuming electricity at premises after a contract for the supply of electricity to the premises has ended;

(c)    a person is transferred to the retailer under a retailer of last resort scheme.

4  Application of amendments

(1)       Section 22A of the Productivity Commission Act 1998, as added by this Schedule, applies in relation to a quarter ending on or after the day this Act commences.

(2)       However, the report prepared under that section for the first quarter ending on or after that commencement must also set out the information referred to in subsections (2) and (4) of that section in relation to each earlier quarter beginning on or after 1 July 2019.