On 9 December 2024, the AER published a draft explanatory statement and also a draft of a proposed Ring-fencing guideline (electricity distribution) version 4.
We proposed to:
- Remove the maximum length of waivers and provide the AER with discretion to determine the duration of waivers (extending the approach already used for waivers related to energy storage and stand-alone power systems).
- Require distribution network businesses to have annual ring-fencing compliance reports accompanied by a letter signed by the most senior executive, in-line with best practice.
We invited stakeholders to provide submission on the draft explanatory statement and the draft guideline by 28 January 2025.
During consultation we received 13 submissions and engaged with a wide range of stakeholders.
Submissions have now closed.