The audit regime is the audit, certification and approval process followed by auditors, participants and the Authority in accordance with various parts of the Code.
The Authority is reviewing the participant audit regime contained in Parts 10, 11 and 15 of the Code, to ensure its purpose is well defined, to more closely align audits with auditing ‘best practice’, and to pursue any changes that would better align the regime with the Authority’s statutory objective.
This review of the audit regime is intended to achieve the objective of promoting the efficient operation of the electricity industry by identifying changes that can:
reduce the cost and effort of audits and audit reviews
improve compliance with the Code.
The Authority is seeking feedback on how these participant audit regime arrangements might best achieve this objective, as well as seeking specific proposals to improve the regime.
Published: Decisions and reasons paper—retail data project
The Authority has published the decisions and reasons paper on the retail data project: access to consumption data consultation process.
The Authority is amending the Code to require retailers to provide consumers’, or a consumer’s authorised agent, with their electricity consumption data. This is a consumer focused initiative intended to promote competition in the retail market by making it easier for consumers to use their consumption data to make decisions about their retailer and retail tariff options.
Making it easier for consumers to obtain and use their consumption data to make better and faster decisions, is expected to facilitate consumption participation in the retail market. Consumers are more likely to participate in the retail market, decide about their electricity usage, or both, if they can easily gain access to information that is useful to them. The result will be enhanced retail competition, as electricity retailers and providers of energy services compete more vigorously for consumers’ business. In turn, improved retail competition will increase the incentives on retailers and energy services companies to deliver innovative products and services and to seek operational efficiency gains.
For any questions or queries relating to the retail data project please contact Ruth McFadyen, Project Manager Retail Data Project at ruth.mcfadyen@ea.govt.nz.
Call for nominations for SRC, WAG and RAG—due in two weeks
A reminder that nominations for membership of the Security and Reliability Council (SRC) are due by 5pm on Tuesday, 10 February 2015. Nominations and accompanying documents should be emailed to info@ea.govt.nz, with 'Nomination for SRC membership' in the subject line.
Nominations for the Chairs of the Retail Advisory Group (RAG) and the Wholesale Advisory Group (WAG) are also due by 5pm on Tuesday, 10 February 2015. Nominations and accompanying documents should be emailed to rag@ea.govt.nz or wag@ea.govt.nz with ‘Chairperson nomination for Retail Advisory Group’ or ‘Chairperson nomination for Wholesale Advisory Group’, whichever applies, in the subject line.
