We have completed a review of the pricing of fixed-price variable-volume (FPVV) contracts that electricity retailers offer to commercial and industrial consumers. Our review followed a claim that large retailers were systematically discounting FPVV contacts below the bid price of electricity futures contracts being traded on the ASX.
Our review did not find evidence to substantiate the claim of systematic discounting in the FPVV market relative to the ASX. Based on data we requested, we found that retailers generally priced FPVV contracts higher than ASX settlement prices.
Submissions published: 2018/19 Appropriations and work programme focus areas
We have published the submissions received for our 2018/19 Appropriations and work programme focus areas consultation.
We will consider the submissions before reporting to the Minister with recommended appropriations for the 2018 Budget. Our report will be provided to the Minister this month and published after Budget day.
We will further consider comments on our work programme focus areas when we develop our Statement of Performance Expectations and Work Programme, which we will publish in June and July 2018, respectively.
Reconciled annual levy rates for year ending 30 June 2017
We have reconciled the levy rates for the financial year ending 30 June 2017, in accordance with regulation 11 of the Electricity Industry (Levy of Industry Participants) Regulations 2010.
The reconciled levy rates will be gazetted and available on our website on Thursday.
Call for nominations for independent chair of IPAG
We are calling for nominations for an independent chair of the Innovation and Participation Advisory Group (IPAG).
The Authority is aiming to appoint a new IPAG chair by the beginning of May 2018, for a term ending in May 2020. The group’s temporary deputy chair, Melanie Lynn, will serve as acting chair until the new chair is appointed.
More details, including the nomination form, charter, and terms of reference, are available on our website.
Nominations close at 5 pm on Tuesday, 27 February.
We have published a consultation paper on Multiple trading relationships. The paper identifies potential barriers that may constrain consumers from using electricity services provided by more than one party at the same time, at the same location (multiple trading relationships).
We’re proposing a number of discrete amendments to various parts of the Code. The amendments largely focus on resolving practical problems created by Code provisions that impede the efficient operation of the industry.
