This bill will implement a number of the recommendations from the 2019 Electricity Price Review. It will support the Government's efforts to adopt the right regulatory and market settings for an electricity system that supports a low-carbon economy. The bill will promote competition and innovation in emerging distributed-energy markets, for example, by allowing the Electricity Authority to amend, extend, or revoke arm's length requirements between distributers and affiliated businesses. It will reduce industry costs through enabling the Electricity Authority to regulate more standardised distribution access agreements and protect the interests of small consumers through providing clearer powers for the Electricity Authority to regulate how retailers deal with medically dependent and vulnerable consumers such as for non-payment of their electricity bill. 