Penalty for Queensland generator over inability to supply frequency control services
Frequency control ancillary services (FCAS) is used by AEMO to maintain the frequency of the system within tolerances and around 50 cycles per second. FCAS
Substantial increases in penalties for non-compliance in the energy sector
Summary: As a result of recent reforms discussed below, non-compliant energy businesses in NECF now face penalties of up to 10 percent of their annual turnover or $10,000,000. Consequently, all energy businesses should seriously re-examine their compliance programs and regulatory controls.
Converting Existing Buildings into Embedded Networks
Today we are looking at the ‘retrofit process’ for embedded networks. We focus on the eastern states, other than Victoria – which has its own
ASIC’s report on regulatory technology
The Australian Securities and Investment Commission (ASIC) has published a report (Report 685) on ASIC’s Regtech initiatives during 2019-2020. We’ve spoken previously about the benefits
Should Your Business Invest in a Compliance Management System?
Businesses around the world face challenges in managing regulatory compliance. Compliance requirements and the regulatory environment are constantly changing and there is no ‘one-size-fits-all’ solution.
4 Months not prompt enough to fix customers’ meters
For the failure to promptly fix meters, the AER has issued eight infringement notices which led three AGL retailers to pay a total of 160,000
New NECF derogations for NSW Retailers
The passing of the NSW Government’s Electricity Infrastructure Investment Bill 2020 dominated headlines at the end of 2020. However, with much less pomp and ceremony,
Spot the difference: Legal vs Compliance
Many large businesses have both in-house legal teams and compliance teams. What is the difference between the two and how do you know if you
Are You putting Your Business at Risk with inadequate Compliance Controls?
History is littered with spectacular compliance failures; from Eron to WorldCom and the shocking findings of Australia’s recent Banking Royal Commission. And yet, we can