Compliance Quater has lodged a submission with the AER addressing the questions raised by the AER but also drawing the AER’s attention to a range of issues that we have identified within the guidelines.
We’ve submitted that the AER should consider implementing a ‘fast track approval’ process for the approval of proposed retrofit conversions of sites where the resulting embedded network would clearly bring consumers better pricing and where the configuration of the network infrastructure facilitates consumers who wish to ‘opt-out.’
As energy sellers know, the regulatory framework is partly designed to set the minimum standards of conduct expected and to punish those that are non-compliant. We believe that it is time that incentives were built into the regulatory framework. Where energy sellers develop products or services that have a clear consumer benefit, they should be rewarded by, for example, faster approvals. Faster approvals result in better commercial outcomes for energy sellers and those should be tied to consumer benefits.
Compliance Quarter supports energy sellers by helping them establish effective compliance programs. For exempt sellers, we provide guidelines, checklists, and training.
If you would like assistance with your compliance program, email info@compliancequarter.com.au
