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The independent agency running Australia’s electricity and gas grids will face greater government scrutiny of its operations, including regular cost audits, after a review found that the oversight of its budget was not keeping pace with its growing powers.
The Australian Energy Market Operator was established in 2009 to manage the day-to-day functioning of the energy system, but its budget – which is indirectly funded via power bills – has grown significantly as the energy transition has gathered pace.
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