Annual Compliance Reporting Requirements for Energy Retailers in the NT
The Utilities Commission of the Northern Territory released the Compliance Framework and Reporting Guidelines in February 2016. The guidelines outline the compliance monitoring program and reporting requirements for regulated entities in the NT electricity industry, including energy retailers. According to the guidelines, “A condition of licence is to provide a compliance report to the Commission at reasonable intervals determined by the Commission. The Compliance Report must describe the measures taken by the licensee to ensure compliance with its obligations.” Energy retailers are required to submit an annual compliance report to the Commission by 31 August each year. The annual compliance report must include a declaration of responsibility signed by the Chief Executive Officer and Chairman of the Board of Directors, stating: “We certify that we have made all necessary inquiries…