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
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.
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