Monitoring, compliance and enforcement

Retailer financial stress data request

A data request notice for retailers to allow us to permanently monitor financial stress.

Overview

After consulting on a retailer financial stress notice, we have published a retailer financial stress notice under Clause 2.16 of the Code. It applies to all retailers who have at least 1,000 installation control points recorded on the registry on the last calendar day of the reporting month.

This notice allows us to monitor the financial stress faced by retailers and their customers on an ongoing basis. It helps reduce retailer's transaction costs for information gathering and provides regulatory certainty for existing and prospective retailers on what is required of them.

Timeline

Past activity

27 September 2022
27 September 2022

Compliance —

Clause 2.16 notice
- Retailer financial stress notice
2 - 23 August 2022

2 - 23 August 2022

Consultation —

Retailer financial stress data request
View consultation

Project background

In 2019, we found that we were ill-prepared to advise government officials and the Minister of Energy and Resources in a timely manner about the financial impacts of the Covid-19 pandemic.

A Section 46 information request was issued to retailers to provide financial information on a weekly basis. The Section 46 request was subsequently extended until September 2022.

The retailer financial stress notice was consulted on and later published, in order to allow the Electricity Authority to have a continuing time series of data to assess the impact of external shocks.

Improving our information gathering framework