Faith Taylor is a leading energy regulatory specialist. She has been involved in most of the significant electricity market reforms undertaken in NSW and the National Electricity Market (NEM) over the last 14 years.

Faith is a trusted adviser to government, government-owned entities and regulators, and has a wealth of experience in participating as a member of multi-disciplinary teams on significant projects. She also acts for industry participants such as Hydro Tasmania, Integral Energy and Origin Energy which gives her a unique insight into how participants operate within the current regulatory framework.

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Expertise

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Energy and Resources

DRET: Advising the Commonwealth Department of Resources, Energy and Tourism on the transition of the Gas Retail Market Rules in Victoria, Queensland, South Australia and NSW/ACT into Retail Market Procedures under the national regime. This has included providing advice on the interaction between the National Gas Law, the National Gas Rules and the Retail Market Procedures.

AEMC: Regularly advises the Australian Energy Market Commission on the drafting of Rule change proposals being considered by the Commission in relation to the National Electricity Rules, including the following Rule change proposals:

  • Changes to the regulatory test provisions
  • Integration of NEM metrology requirements
  • Central dispatch and integration of wind and other intermittent generation
  • Economic regulation of transmission services undertaken by distributors
  • Registration of foreign based persons and corporations as trader class participants
  • Process for region change, system restart ancillary services and pricing under market suspension.

Electricity Market Reform Process: Acted as part of the national electricity reform process from the ground up. As a junior lawyer in the early 1990s she was part of the team advising the NSW Government (Electricity Reform Task Force) in relation to the structural and market reforms of the electricity industry in NSW as a forerunner to the introduction of the NEM. Following the establishment of the National Electricity Code Administrator (which was the company formed by the participating jurisdictions in the NEM to administer the NEM and enforce the National Electricity Code prior to the creation of the AER and AEMC in 2005), Faith advised NECA in relation to amendments to the Code to address structural changes in the NEM. Faith has also advised NEMMCO in relation to a range of matters associated with the NEM, including the introduction of full retail competition to the NEM and the appropriateness and efficiency of the regulation of transmission interconnectors.

Origin Energy: Provides wide ranging regulatory advice to Origin Energy's downstream electricity and gas retail businesses on an ongoing basis. She has recently been involved in advising on the regulatory components of Origin's outsourcing of some back office functions.

Integral Energy: Advised Integral since 2001 on a wide range of issues in relation to its electricity distribution business. Most recently she advised Integral on the preparation of its regulatory revenue proposal for its network assets for the 2009-2014 revenue period.

Hydro Tasmania: Acts for Hydro Tasmania in relation to the regulatory issues surrounding its involvement as a generator in the National Electricity Market including its use of Basslink, which is the only non-regulated interconnector in the NEM.

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Corporate / M&A

Origin Energy: Provides wide ranging regulatory advice to Origin Energy's downstream electricity and gas retail businesses on an ongoing basis. She has recently been involved in advising on the regulatory components of Origin's outsourcing of some back office functions.

Integral Energy: Advised Integral since 2001 on a wide range of issues in relation to its electricity distribution business. Most recently she advised Integral on the preparation of its regulatory revenue proposal for its network assets for the 2009-2014 revenue period.

Hydro Tasmania: Acts on regulatory issues surrounding its involvement as a generator in the National Electricity Market including its use of Basslink, which is the only non-regulated interconnector in the NEM. 

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Renewables

Star of the South Energy Project: Advising Copenhagen Infrastructure Partners in relation to the proposed Star of the South offshore wind project (off the coast of Victoria), which is in the early stages of project scoping. If it proceeds, this will be Australia's first offshore wind project.

Monash University: Advised on its renewables PPA and electricity purchase options, with a particular focus on meeting the university's carbon offset target.  Subsequently advised on its offtake contract from Victoria's Murra Warra Wind Farm.

Sydney Metro North West Renewables PPA: Advised Transport for NSW on its electricity and green offtake arrangements with a solar farm in NSW.  This renewable energy procurement is structured to offset emissions from the operations of the Sydney Metro North West.

Hornsdale Wind Farm / John Laing PLC: Advised John Laing on its equity investment in all three stages of the Hornsdale Wind Farm with total capacity of approx. 300MW. The third stage reached financial close in March 2017.  All three stages were successful in the ACT Government's reverse wind auctions.

AEMC: Advised on the drafting of Rule change proposals being considered by the Commission in relation to the National Electricity Rules, including central dispatch and integration of wind and other intermittent generation.

Hallett Wind Farm: Acted for Perpetual Limited (and its adviser Macquarie Bank) on the successful acquisition by a Perpetual entity from AGL of a wind farm to be constructed and operated by entities within the AGL group.  This transaction involved conducting due diligence on the existing project documents and the negotiation of the Share Sale Deed and a long-term Power Purchase Agreement and Asset Management Agreement.

Mortons Lane Wind Farm: Acted for CGN Wind Energy Ltd on its acquisition of the Mortons Lane Wind Farm in Victoria (by way of share purchase) from Goldwind New Energy (HK) Investment Limited.

Stockland: Advised on the installation of, and energy offtake arrangements from, a trigeneration facility installed at its Sydney CBD offices.

Department of Planning & Environment: Advised the Department on the regulatory issues associated with taking rural towns "off grid"

ReNu Energy: Advised ReNu on the exemptions and authorisations required to install, and sell electricity from, solar PV panels erected on the rooftops of commercial buildings. This involved acting for ReNu in obtaining its electricity retailer authorisation under the NERL, including detailed interactions with the AER to explain ReNu's operating model.

Royalla Solar Farm Project: Acted for a bidder in relation to its due diligence on the 20MW Royalla Solar Farm project in the ACT.

Solar Cities: Advised two energy retailers on their involvement in Solar Cities projects being funded by the Commonwealth Government. This included, negotiating the joint venture documentation between Integral and the other project participants; advising on the electricity pricing products and other energy efficiency initiatives being offered to electricity customers within the Solar Cities.

Great Southern Energy: Advised Great Southern Energy (now Essential Energy) in relation to its participation in a joint venture to build, own and operate a wind farm at Crookwell, which was the first grid-connected windfarm in NSW, and in relation to Great Southern Energy's power purchase agreements with renewable energy generators, including coal seam methane, wind and hydro generation. 

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Knowledge

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