EMBEDDED NETWORK MANAGER TO BE APPOINTED FOR ALL LOTS OF 3O AS OF 1 DECEMBER 2017
AER, AEMO, NEM, NEL, NER, AEMC, QCA… With so many regulatory bodies involved in the industry, from time to time, legislation and rule changes are inevitable and 1st December 2017 is the magical date when owners and Body Corporates need to be compliant with new rules surrounding Embedded Networks.
The Australian Energy Market Operator (AEMO) is the driving force behind these changes and recently announced that owners/operators of embedded networks (ENO) will be required to appoint an accredited Embedded Network Manager (ENM).
These changes have come about following concerns surrounding the introduction of a term known as “Power of Choice” (link below). It was reported that many customers within an embedded network had limited or no choice when it came to appointing an authorised retailer of choice. The AEMO are in the progress of is will soon be made easier for the end user. Initially QLD was thought to possibly not partake this year in the ENM due to the complexities but recent changes to policies may allow this customer churn to happen and we need to be prepared for these potential changes.
WHAT IS AN EMBEDDED NETWORK MANAGER & WHY THE CHANGE?
Naturally, if the customer chooses to exercise this right, the process will need to be overseen and executed by an industry expert that has achieved accreditation with the AEMO. This will be a time intensive and technical process to ensure all requirements, rules within the framework are met.
AEMO’s overall goal from introducing this rule change is to put the end user back in control of their energy choice and to roll out smart meters across each state. It should be noted that legislative changes are still progressing and not finalised but the change is inevitable.
WHAT DO YOU NEED TO DO?
If you are an ENO you need to register or assign an ENM s of 1 December 2017.
METER2CASH Solutions is currently finalising this process and is finalising the requirements around becoming an ENM for all of our clients if required.
Just as we looked after our clients during the Network & Retail Exemptions Registrations since 2012 to be compliant with Australian Energy Regulator Exempt Selling Guidelines, we will be preparing to offer our clients the support of an ENM through a centralised service offering. We are endeavouring to work through the last minutes changes and impacts on ENO’s and will be issuing our offer in the coming months to all of our clients.
If you wish to make express interest in assigning METER2CASH Solutions as your ENM please send your expression of interest to the email below and we will be in contact once all information has come to light.