The Australian Energy Regulator (AER) has today released a draft AER Retail Pricing Information Guideline. This Guideline is required under section 61 of the National Energy Retail Law (Retail Law).
Under the Retail Law, the AER may make and amend Retail Pricing Information Guidelines. The purpose of this Guideline is to provide guidance to retailers in the presentation of standing offer prices and market offer prices, thereby assisting small customers to consider and compare standing offer prices and market offer prices offered by retailers.
The AER commenced consultation on this Guideline with the release of an issues paper in March 2010 and a position paper/draft Guideline in September 2010. These papers and written submissions received in response to them are available at the AER's website.
The AER has used the earlier consultations to develop the draft Guideline released with this notice. This notice and the draft Guideline have been published on the AER’s website in accordance with the retail consultation procedure set out in clause 173 of the National Energy Retail Rules.
This will be the last round of consultation prior to the release of the final document. The consultation period ends on 1 July 2011. The finalised document is expected to be released later this year.