The Australian Energy Regulator (AER) has today published its first wholesale gas reserves price assumptions report.
This follows implementation of gas market transparency reform and the commencement of the National Gas Amendment (Market Transparency) Rule 2022, which introduced reporting requirements for gas field owners.
Under the National Gas Rules, gas field owners are now required to report to the AER on the gas reserve price assumptions used to prepare gas reserve estimates.
The AER is required to publish, at least annually, on the price assumptions used by gas field owners.
This report presents analysis of the contracted and uncontracted reserve price assumptions submitted to the AER by gas field owners since March 2023.
We have included commentary on the AER’s compliance expectations and observations, as well as feedback on the stakeholder consultations used to inform this first report.
We encourage stakeholder consideration of the report and welcome feedback at AERGasMarketsBB
AER [dot] gov [dot] au (AERGasMarketsBB[at]AER[dot]gov[dot]au).