Review of the Authorisation and Exemption Framework

Review of the Authorisation and Exemption Framework

AU Energy Compliance
The Australian Energy Regulator has published an issues paper titled Retail Authorisation and Exemption Review. Broadly, the Issues Paper considers the changing nature of the energy market, the risks posed by new products and services, and asks whether changes are needed to the Retail Authorisation and Exemption Framework. This is a major consultation that will have long-lasting ramifications for the energy market and consumers.  It builds on the work of the Energy Security Board, the Australian Energy Market Commission (particularly in relation to embedded network regulation) and prior work by the AER. The AER is undertaking a review of the Retail Authorisation and Exemption frameworks set out in the Retail Law.  The review arises as a result of the Energy Security Board’s (ESB) final advice to energy ministers in July…
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When can an energy retailer change prices for Victorian small energy customers?

When can an energy retailer change prices for Victorian small energy customers?

AU Energy Compliance
Clause 94 of the Energy Retail Code of Practice aims to provide small customers with certainty that tariffs payable under a market retail contract can only be increased by a retailer on a network tariff change date or otherwise as permitted by Clause 94. The General Rule Pursuant to subclause 2, a retailer must not increase any of the tariffs payable by a small customer under a market retail contract except with effect from a network tariff change date. Subclause 3 states that a retailer is not permitted to increase any tariffs payable by a small customer under a market retail contract with effect from a network tariff change date if the relevant contract is a fixed price period contract or the retailer is otherwise prohibited from doing so under the terms and conditions…
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Managing the compliance of contractors

Managing the compliance of contractors

AU Energy Compliance, Financial Services
Start with a risk assessment. A risk assessment is a means of identifying the risks that your business faces and assessing the likelihood of them occurring. It also involves determining the controls you currently have in place to manage those risks, as well as whether or not any additional controls are necessary. When you are considering if your contractors are a compliance risk, look at their role, responsibility, applicable regulatory penalties and existing controls. We've looked at the need for more comprehensive risk assessments in previous posts, if you don't have sufficient resources to conduct such an assessment consider hiring a third party to do so. The formality of the controls should depend on the risks. There are no hard and fast rules. You should design controls to achieve your…
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