Monitoring of electricity supply in the National Electricity Market discussion paper

The NFF’s submission supports the need to better monitor the prices, profits and margins in the supply of electricity in the National Electricity Market (NEM). A failure in policy, regulatory design and competition in the electricity sector has contributed to excessive electricity prices for Australian farmers. To that effect, a transparent and robust analytical framework for monitoring is critical to safeguard the NEM to ensure adequate competition. The submission provides for consideration a number of comments as they relate to the agricultural sector, including retail price data, wholesale price, profitability and the impact of policy developments.