The AER decided to defer releasing draft Annual Information Orders while we addressed the issues raised on the preliminary Annual Information Orders. We published and sought feedback on the draft Annual Information Orders on 7 December 2023, and expect to issue the final Annual Information Orders in March 2024.
We made this decision after considering feedback from stakeholders across a wide range of issues raised in response to the Preliminary Orders. We have also considered the high volume of activity facing all participants in the energy sector.
The deferral of the draft Annual Information Orders has the key consequence of delaying the application of the Orders until the 2024–25 reporting year. We are now proposing the Orders will apply for the reporting years from 2024–25 to 2027–28. This outcome is supported by the regulated electricity networks and will allow more time for changes in their reporting processes and systems to be developed, as well as more time for information requirements to be refined. The AER notes that current information reporting obligations will remain in place for the 2023-24 reporting year, minimising the risk of ‘data gaps’ arising in our existing information requirements.
The deferral also applies to the draft Annual Information Notice being prepared for Power and Water Corporation.