Consumers: front and centre of energy regulation

Consumers: front and centre of energy regulation

AU Energy Compliance
As the energy market continues to evolve and the ways in which energy is produced, stored, shared and consumed become ever more complex, it is essential that consumers remain front and centre of energy regulation. It is vital that consumers are aware of the changing landscape and their rights and responsibilities when it comes to energy use. The traditional energy market is being transformed as new technologies, such as solar panels and battery storage, become more widely used. This has resulted in a decentralisation of energy production, with consumers able to produce, store and sell energy independently. This decentralisation has led to an increase in the number of small-scale energy producers, such as households and businesses, producing and selling their own energy. While once upon a time consumers were simply…
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Family Violence obligations in NECF States

Family Violence obligations in NECF States

AU Energy Compliance
Background On 15 September 2022, the Australian Energy Market Commission (AEMC) introduced new regulatory protections for customers impacted by family violence. These rules allow family violence customers to focus on other important matters and provide peace of mind that they will receive clear, transparent, and honest support from their energy retailers. The rule change request was submitted by Red Energy and Lumo Energy on 23 September 2021. The AEMC received 21 submissions to its consultation paper and 19 submissions to its draft determination published on 18 November 2021 and 16 June 2022, respectively. On 15 February, 80 people attended the AEMC industry forum to discuss the rule change and examine family violence reform. Intimate partner violence contributes to death, disability, homelessness, and illness in adult women more than any other…
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Why you need to customise your Compliance Management Framework

Why you need to customise your Compliance Management Framework

Compliance, NT Energy Compliance
Compliance management is an integral part of any business and is essential for minimizing the risk of non-compliance with applicable laws and regulations. Ensuring that a compliance management framework reflects the actual practices of those within the business and the scope of the business activities is key to achieving effective compliance. A compliance management framework is designed to ensure that a business is compliant with applicable laws, regulations and standards. It provides a structure for compliance-related activities and sets out the processes and procedures that must be followed. The framework must be tailored to the specific needs of a business, based on the size and scope of its operations, the type of industry it operates in, and the applicable laws and regulations. Changing business needs It is important that the…
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Reviewing Compliance Controls

Reviewing Compliance Controls

AU Energy Compliance, NT Energy Compliance
As a business, having effective controls in place is essential to ensure compliance. Compliance is a fundamental part of any organisation, and failure to meet legal or regulatory requirements can have serious consequences. That’s why it’s important to review the controls your organisation has in place to make sure they are appropriate and effective. At Compliance Quarter, we understand the importance of having strong controls in place, and we’re here to help. Here are some tips for reviewing the controls your business has in place to ensure compliance: 1. Assess the current controls: Start by assessing the current controls your business has in place to ensure compliance. Are they effective? Are they up-to-date? Are they being followed? Are there any gaps in the controls that need to be addressed? 2.…
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