ACCC blueprint to reduce energy prices

AU Energy Compliance
The Australian Competition and Consumer Commission (ACCC) has released its final report in relation to Retail Electricity Pricing; Restoring electricity affordability and Australia's competitive advantage. The main thrust of the ACCC Report is how to reduce energy prices for Australian consumers. The ACCC has made 56 recommendations in the Report which are included in the Executive Summary. By Anne Wardell, Regulatory Specialist, Compliance Quarter. Some of the more interesting recommendations include: Abolishing the current retail ‘standing’ offers (which are not the same between retailers), and replacing them with a new ‘default’ offer consistent across all retailers, set at a price determined by the Australian Energy Regulator (AER). Requiring retailers to reference any discounts to the new ‘default’ offer pricing determined by the AER, making it easier for consumers to genuinely compare…
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June Energy Update: National Energy Guarantee Detailed Design

June Energy Update: National Energy Guarantee Detailed Design

AU Energy Compliance
Regulation for the National Electricity Market jurisdictions (Queensland, New South Wales, Victoria, Australian Capital Territory, South Australia and Tasmania) is complex. In any given month there are often dozens of consultations initiated, and many more important announcements that energy businesses need to be on top of. Furthermore, there is no central repository of that information. That is why every month we provide a regulatory update informing you of all the significant announcements and consultations for that month. This update covers important updates from 6 June through to the 6 July.     Photo by Breno Machado on Unsplash By Dr Drew Donnelly, Regulatory Specialist, Compliance Quarter We begin with changes at that apply across the National Electricity Market, including rule changes, then look at announcements on a state-by-state basis. 1. National Energy Guarantee:…
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Developments in the Victorian Retail Energy Market

Developments in the Victorian Retail Energy Market

AU Energy Compliance
In this article, we look at two regulatory announcements for the Victorian Retail Energy Market over the last ten days or so. The first is the Essential Services Commission’s (ESC) Victorian Retail Energy Market Update January to March 2018 (the first quarter update). The second is an update on embedded network regulation in Victoria.[1] Photo by Joshua Peacock on Unsplash By Dr Drew Donnelly, Regulatory Specialist, Compliance Quarter Below are the key headlines from the 2018 first quarter update: A decrease in standard retail contracts in the Victorian Retail Energy Market Standard contract/standing offer contracts are a type of retail contract that provides customers with certain guaranteed consumer protections. Under the Energy Retail Code, retailers in Victoria are only permitted to publish new standard contract (or standing offer) prices twice a year. The ESC…
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How does Australia compare to California when it comes to Electric Vehicle (EV) subsidies?

How does Australia compare to California when it comes to Electric Vehicle (EV) subsidies?

AU Energy Compliance
Last month, the California Public Utilities Commission (CPUC) announced approval of $738 million worth of projects for electric vehicle (EV) infrastructure in California.[1] In today’s article, we briefly look at the projects that are being funded and compare this with the state-of-play in Australia for subsidised EV. By Dr Drew Donnelly, Regulatory Specialist, Compliance Quarter The CPUC approval CPUC approved funding for the following projects: San Diego Gas & Electric’s (SDG&E) Residential Charging Program ($137 million): This provides rebates for residential customers to install home charging stations; SDG&E’s Residential Grid Integrated Rate: This would offer customer participating in the program above the option to enrol in an EV-only electricity rate that varies hourly based on day-ahead forecasts; Pacific Gas and Electric Company’s (PG&E) Direct Current Fast Charging Make-Ready Program ($22…
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