#NECF, #Retailers, #ExemptOperators
On 23 June 2021, the Australian Energy Regulator (AER) released five compliance and enforcement priorities for 2021 to 2022 with a major focus on protecting energy consumers.
We provide a breakdown of the key elements of the bill for energy retailers operating in Victoria – hint: these regulations will not align Victoria more closely with the National Energy Customer Framework (NECF). We also highlight some key areas of concern with respect to the legislative drafting which should be explored and addressed prior to implementation.
On 18 May 2021, the Australian Energy Regulator published a consultation paper concerning a review of the AER’s (Retail) Exempt Selling Guideline and Electricity Network Service Provider – Registration Exemption Guidelines. Clearly, this review being conducted by the Australian Energy Regulator is of significant importance to all exempt and authorised retailers operating within embedded networks.
#Victorian #Embedded #Retailers
The Essential Services Commission has released its consultation paper on variation to the 2021 default offer. The Essential Services Commission notes that the variation is required to account for changes to network tariffs applying from 1 July 2021.
On 14 May 2021, the Australian Energy Regulator announced that it had approved distribution tariffs for distributors in various states including New South Wales, South Australia, and Queensland. Electricity bills are made up of a number of components which include wholesale cost, retail margin, and network charges. The majority of a residential retail bill is made up of network charges and so, the AER’s determination will have a material impact on the price paid by consumers for electricity.