The Act provides for the establishment of the Commission for Electricity Regulation to manage the regulation of the electricity market.

It contains specific requirements in relation to:

• the establishment of the Commission for Electricity Regulation;
• the regulation of petroleum activities;
• licences and authorisations to generate and supply electricity;
• appeal panels;
• access to transmission and distribution systems;
• public service obligations and transitional arrangements;
• emergency measures in event of sudden crisis; and
• carbon revenue levy.

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