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AU Energy Compliance

Explaining the Integrated System Plan

If you are interested in understanding the enormity of the energy transition in Australia, AEMO’s 2024 Integrated System Plan for the National Electricity Market (ISP)

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AU Energy Compliance

AER payment difficulty framework review

The Australian Energy Regulator (AER) is conducting a review of the consumer protections available under the National Energy Customer Framework (NECF) for those experiencing payment

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AU Energy Compliance

How to Build an Effective Energy Retailer Compliance Program

It is very difficult for energy retailers who are operating independently of one another to understand what an effective compliance management program is. Typically, the only feedback that they receive is from regulators when something goes wrong i.e. when there is a breach that they are required to report on, and they subsequently go through an investigation and enforcement process. Regulators themselves do not fully understand the compliance function’s roles and responsibilities- they typically see the tail end, what goes wrong, and not the work that goes in to avoiding non-compliance.

Compliance Quarter has the advantage of having worked with a number of energy retailers and as a result is in a unique position in being able to explain what an effective compliance program looks like. So, what are some of the practical steps that each retailer should ensure they are taking to ensure compliance?

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AU Energy Compliance

Preparing to Apply for a Retailer Authorisation: A Comprehensive Guide

The Australian Energy Regulator (AER) oversees the authorisation process for energy retailers in Australia. If you’re considering joining this market, it’s crucial to understand the AER’s guidelines and requirements. This article will outline the preparatory steps your business needs to take before applying for a retailer authorisation.

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AU Energy Compliance

The State of the Energy Market 2023: Observations and Insights

The energy market is an ever-evolving landscape, dictated by a complex interplay of market forces, consumer behaviours, and regulatory interventions. The ‘State of the Energy Market 2023’ report, published by the Australian Energy Regulator, provides a comprehensive evaluation of the market’s current state, offering valuable insights into the retail energy markets, market regulations, energy affordability, and the role of the energy retailer.

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AU Energy Compliance

Understanding Energy Retail Contracts and Retailer Obligations

Energy retail contracts are agreements between an energy retailer and a customer outlining the terms and conditions for the sale and supply of energy. There are primarily two types of contracts:

Standard Retail Contracts: These contracts are set out by law and offer basic consumer protections. The terms and conditions, including prices, are regulated and cannot be altered by the energy retailer.

Market Retail Contracts: These contracts are more flexible and may offer discounted rates, renewable energy options, and other incentives. The terms and conditions, including prices, are set by the energy retailer and may vary.

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AU Energy Compliance

The Electricity Invoice Rubik’s Cube

One of the few ways that an energy retailer can potentially distinguish themselves is by the way in which they present their electricity invoices. It is a challenging design problem: you have a number of constraints in the regulatory framework and with simple space on the page, you have a readers with different levels of understanding of energy- readers who have different levels of literacy who may have a disability and who may not read English, and you have a lot of information you want to convey. In those states that have adopted the National Energy Customer Framework (NECF), retailers must now comply with the Better Bills Guideline. In Victoria, retailers have more discretion.

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AU Energy Compliance

Proposed reforms to address unfair trading practices in Australia

The Australian Government is consulting on options to strengthen protections for consumers and small businesses against unfair trading practices. Unfair trading practices refer to certain commercial practices that cause harm but are not prohibited by existing laws. The consultation paper released by Treasury in August 2023 explores options to amend the Australian Consumer Law (ACL) to introduce new protections from unfair trading practices.

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AU Energy Compliance

Expanded Unfair Contract Terms Laws in effect in November

The changes in November 2023 aim to strengthen these protections. The revised unfair terms regime will apply to all new or renewed standard form consumer and small business contracts from this date. It will be illegal for businesses to propose, rely on or use unfair terms, with penalties for breaches. The changes also update the definition of ‘small business’ to include those with less than 100 employees or $10 million turnover.

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AU Energy Compliance

Misconduct in Public Organisations: Important Lessons for Businesses

On 9 August 2023, the Victorian Ombudsman published Misconduct in public organisations: A casebook. The casebook examines seven real-world cases of misconduct substantiated by the Ombudsman through investigations. While the cases specifically involve public sector entities, the issues explored, like conflicts of interest, financial mismanagement, and failure to foster a culture of integrity, apply equally to private businesses.

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AU Energy Compliance

Obtaining Explicit Informed Consent: A Compliance Guide for Energy Retailers

The Essential Services Commission’s Guideline 4 on explicit informed consent requirements under the Energy Retail Code of Practice is a very useful resource for energy sellers in Victoria. This article summarises the key steps energy sellers must follow to comply with their obligations to obtain explicit informed consent from customers.

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AU Energy Compliance

Energy Retailer under Scrutiny for Banned Door-to-Door Sales

Victoria’s energy regulator has accepted a court enforceable undertaking from retailer 1st Energy Pty Limited following allegations that the company violated the Statewide ban on door-to-door energy sales. The ban, which took effect in December 2021, prohibits unsolicited visits and cold calls by energy retailers and their representatives.

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