Stakeholders have overwhelmingly rejected a proposal to abolish important accountability measures in energy regulation.

Thirty-five stakeholders made public submissions to a COAG Energy Council review of the Limited Merits Review (LMR) regime including consumer groups, policy experts, industry participants, investors and regulators.

Energy Networks Association (ENA) Chief Executive Officer John Bradley said the majority of stakeholder submissions had supported reforms to the current process and rejected an option to abolish the regime.

“Among the 35 submissions, there was widespread support for reform of the current regime and widespread rejection of proposals to abolish the appeal rights of customers and networks,“ Mr Bradley said.