Board Committees

Electricity Governance Rules Committee

One of the Commission’s core functions is to create effective electricity Regulations and Rules.  This function led to the establishment of the Commission’s Electricity Governance Rules (EGR) Committee.  The Committee is responsible for:

• making decisions on requests for exemptions;
• dismissing the notification of an alleged breach;
• appointing investigators to investigate rule breaches;
• making decisions on notified and investigated rule breaches;
• making recommendations to the Board:
• to approve settlements; or
• to lay a formal complaint with the Rulings Panel.
  

System Operations Committee

The System Operations Committee of the Board:

• considers monthly System Operator reports and identifies any emerging real-time security issues on a timely basis; and
• addresses technical rule-change proposals (not policy) in the area of wholesale, retail, and common quality, including:
• approval for consultation; and
• making recommendations to the Minister.
  

Undesirable Trading Situations Committee

Under part 3 of the Electricity Governance Regulations 2003 (the Regulations), the Electricity Commission is responsible for investigating undesirable trading situations (UTSs).

If the Commission finds that an UTS is developing or has developed, it may take steps to address that UTS.  The Undesirable Trading Situations Committee addresses UTS investigations and comprises all members of the Board of the Commission.

Risk and Audit Committee

The Risk and Audit Committee advises the Board on:

• overseeing, reviewing, and assessing the quality and integrity of financial reporting of the Commission, which includes managing the relationship with the external auditor;
• considering whether the Commission has established appropriate policies and put in place management processes to ensure risks are properly identified and managed; and
• overseeing and assessing the internal audit process for evaluating the effectiveness of risk management, control and governance processes.
  

Remuneration Committee

The Remuneration Committee advises the Board on:

• establishing and maintaining remuneration policies and practices; and
• setting and reviewing the General Manager’s remuneration.