New retailer brings more competition to SEQ

The deregulation of the Queensland electricity market has brought new players in who will be able to offer higher savings to electricity consumers. 

stratamax-adThe Queensland Government has released a statement introducing energy retailer Mojo Power who are bringing a new model offering customers discounted prices under a subscription based service. The government has commenced an education campaign to ensure consumers know about the two new energy retailers. Read more about how to identify savings here.

For strata properties, deregulation is also on its way with the Embedded Networks Rule Change (the Rule Change) due to commence on 1 December 2017. The Department of Energy and Water Supply (DEWS) is currently reviewing the implementation of the new framework and the introduction of retailer of choice for electricity on-supply customers in Queensland.

The Australian Energy Market Commission (AEMC) published the Rule Change on 17 December 2015. This Rule Change commences on 1 December 2017 and facilitates direct access to the retail market by on-supply customers.  The Rule Change also triggers necessary changes to the Australian Energy Market Operator’s (AEMO’s) procedures and the Australian Energy Regulator’s (AER’s) Network Exemption Guideline (which cover the network activities of owners and operators of embedded networks). Together, these amendments will create, specify and clarify the activities for which embedded network operators are required to appoint a new accredited provider known as an ‘embedded network manager’ (ENM). AEMO will develop procedures that specify the exact functions and instructions for performing the ENM role. AEMO will also create accreditation procedures for ENMs to ensure they are capable of performing the functions set out by AEMO (to be completed by 1 March 2017). The AER must also make the necessary changes to their Network Exemption Guideline by 1 December 2016.

For on-supply customers in Queensland, the Rule reduces the barriers to these customers accessing a choice in products, services and retailer.

Posted 2016-09-19