AER Approves Network Tariffs

AER Approves Network Tariffs

Uncategorized
#ExemptSuppliers, #AuthorisedRetailers 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. Queensland In the case of Queensland, the AER approved the 2021 to 2022 electricity distribution tariffs proposed by Energex and Ergon Energy in accordance with their relevant 2020 to 2025 distribution determinations. The determinations set revenues that those distributors can recover to reflect their cost of delivering electricity supply to…
Read More
Compliance Reporting to the Australian Energy Regulator

Compliance Reporting to the Australian Energy Regulator

AU Energy Compliance
The Australian Energy Regulator's Compliance Procedures and Guidelines-Version 6 sets out the matter and form that retailers must submit compliance information and data to the AER. Retailers are required to submit information relating to their compliance with the National Energy Retail Law, National Energy Retail Rules, and National Energy Retail Regulations. Polices, systems and procedures The Retail Law requires that regulated entities establish and observe policies, systems, and procedures in accordance with the AER Compliance Procedures and Guidelines. Pursuant to the guideline, retailers must ensure that they are able to report accurately on their compliance in the manner and form required by the guidelines. Policies, systems and procedures must be established and operate in a manner and form consistent with the relevant Australian Standard AS/ISO 19600-Compliance Management Systems. One of…
Read More