Investor Presentaiton

Regulatory framework NSW government is a member of the COAG Energy Council COAG Energy Council Policy setting and strategic direction AER AER Consumer Challenge Panel Economic regulation and enforcement National Electricity Law¹ Legislative framework AEMO COAG Energy Council may request reviews and receive advice from the AEMC All stakeholders (Except the AEMC) Rule change proposals AEMC National transmission planning System and market operations National Electricity Rules Reviews and advice Ausgrid Licensing standards, environmental regulation Regulatory environment Distribution and Transmission services Retailer Organisations in the NEM Organisations outputs Review and advice Reporting flow NSW Government Source: HoustonKemp Economists 1. Allows for the making National Electricity Regulations Customer Ausgrid 31

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