The Australian Energy Regulator (AER), Energy Consumers Australia and Energy Networks Australia have today released NewReg, an enhanced, more open approach to electricity network regulation to be tested via a trial with Victorian distribution network AusNet Services.

The NewReg approach aims to improve the efficiency and effectiveness of network regulation, increase consumer trust and confidence in the process, and deliver the outcomes that consumers most value when determining how much they pay for network services.

The NewReg project will run a ‘live’ public engagement process throughout 2018, where consultation on the approach will happen in parallel with a ‘live’ trial to enable stakeholders to contribute to the development of the approach in real time.