Changes to Energy Retail Reporting and Audit Obligations
By Anne Wardell, Compliance Quarter On 9 June 2017, the Australian Energy Regulator (AER) released the following documents: Compliance procedures and guidelines – Version 4 – June 2017, and The AER Practice Guide for Compliance Audits – June 2017. The revised guidelines incorporate new rules introduced by the Australian Energy Market Commission (AEMC), refine the reporting framework and provide new guidance material on compliance audits. Changes to reporting obligations An important change is to the name given to reports and reporting periods. Reports will now be referred to as Immediate, Quarterly or Half Yearly Reports. Consequently, the sections in the procedures and guidelines which deal with reporting have been amended in line with this change. This includes substantive amendments to Appendix A. The report and template contained in Appendix B…