The ERA oversees the Gas Retail Market Scheme.
The Scheme ensures that the market is regulated and operated in a manner that is efficient, open, competitive, and fair to gas market participants and their customers.
It is established under the Energy Coordination Act 1994.
The Scheme includes:
- WA Gas Retail Market Agreement, which is the main agreement between gas market participants, binding all members to comply with the Retail Market Procedures
- the retail market procedures, governing the major interactions between gas market participants in the WA gas retail market
- the Specification Pack, which is a suite of documents that supports the operation of the market procedures
- the FRC Hub Operational Terms and Conditions that govern the communication protocol within the FRC Hub, which is AEMO's information system.
The ERA’s role
The ERA:
- Approves amendments to the Scheme, including the Market Rules (comprising the procedures, the specification pack and the FRC Hub operational terms and conditions)
- Investigates any non-compliance with the Market Rules that AEMO refers to the ERA.
Changes to the Scheme
AEMO proposes changes to the Gas Retail Market Scheme, which the ERA may then approve.