The Australian Energy Regulator (AER) has published four guidance notes to help participants understand their obligations under the Retailer Reliability Obligation (RRO).
These guidance notes focus on the key learnings for liable entities and generators from the 2024 T-1 reliability instrument in South Australia covering:
- Who is a liable entity
- How to submit an accurate NCP report
- How to submit an NCP adjustment application
- Keeping the Market Liquidity Obligation register up to date (for relevant generators).
We have included examples and checklists that may help liable entities understand the expectations of the AER regarding compliance.
Participants should review their practices against the information set out in the guidance notes and checklists.
Please contact the AER at rro
aer [dot] gov [dot] au (rro[at]aer[dot]gov[dot]au) with any questions or concerns.
About the RRO
The Retailer Reliability Obligation (RRO) commenced on 1 July 2019 to support reliability in the National Electricity Market (NEM).
The intention of the RRO is to be a long-term solution to ensure reliability at the lowest cost by preparing for and eliminating forecast reliability gaps before they occur.
Where a reliability instrument is made, liable entities (retailers and other parties that purchase electricity directly from the wholesale energy market) are on notice to enter into sufficient qualifying contracts with generators to cover their share of a 1-in-2-year peak demand.