On 30 October 2020, Power and Water Corporation (Power and Water) submitted its Annual Ring-fencing Compliance Report. An Independent Assessment was submitted on 22 November 2020. These submissions are required by the AER's Electricity Distribution Ring-fencing Guideline (the Guideline).
The AER will consider this report in preparing our Annual Ring-fencing Report 2019-2020 which assesses compliance with the Guideline by all relevant distribution businesses.
This is Power and Water's first year of compliance with the Guideline, as set out in the Northern Territory National Electricity Rules. Under these rules, certain Guideline provisions do not apply to Power and Water, such as the obligation to observe legal and functional separation of services.