Victoria consults on lower prices for embedded network customers

Victoria consults on lower prices for embedded network customers

Client Updates
The Victorian Government has opened consultation on proposed pricing reforms for embedded networks, following its announcement that it intends to require lower energy prices for households and small businesses in those networks. The consultation is relevant to residential and small commercial embedded network customers, embedded network operators, exempt sellers and suppliers, licensed retailers operating in embedded networks, owners corporations, retirement villages, caravan parks, shopping centres and providers of bundled energy-related services such as bulk hot water, centralised heating and cooling. The reforms have not yet been introduced as a Bill. At this stage, the process is a policy consultation led through the Department of Energy, Environment and Climate Action (DEECA), with feedback intended to inform later policy and regulatory decisions. KEY DATE: Consultation closes at 11:59 pm on Thursday 2 July…
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Embracing the uncertainty of rapid advancement and adoption of general artificial intelligence for energy businesses

Embracing the uncertainty of rapid advancement and adoption of general artificial intelligence for energy businesses

Client Updates
The way businesses and professionals interact with artificial intelligence has changed. Over the past two months, we have observed a shift across our client base and the broader regulatory and legal community that goes beyond curiosity or experimentation. Professionals who were previously sceptical are now actively engaging with AI tools. Those who were already experimenting are finding that the tools have become materially more capable than they were even six months ago. The cause is straightforward: AI models have increased in capacity and usefulness at a pace that has caught many off guard. The implications for energy retailers, compliance professionals, and every individual working in a regulated industry are worth examining carefully. AI capability is advancing rapidly and unevenly. The organisations and individuals who experiment safely and strategically now will…
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