The AEMC's review is focused on assessing how the Australian Government's Carbon Pollution Reduction Scheme (CPRS) and expanded Renewable Energy Target (RET) scheme may affect existing electricity and gas market arrangements.

Frontier Australia prepared a report advising the AEMC of the impacts of the CPRS and RET schemes on the Western Australian and Northern Territory energy markets.

Frontier Australia prepared a separate report that considered the impact of these policies on generator investment and operation in the National Electricity Market paying particular attention to generator contracting, bidding and risk management strategies, as well as the impact on investment and retirement decisions and organisational structure.

The AEMC's second interim report is due to be published in June 2009, and will be further informed by industry consultation.

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