The AER has published a new version of the Compliance Reporting Best Practice Manual to support the Electricity Distribution Ring-fencing Guideline. The manual provides further guidance to Distribution Network Service Providers (DNSPs) on how to best meet the Guideline's compliance reporting obligations. It will apply to all future DNSP annual compliance reports. The manual has been updated to reflect what we've learned in the first year of Guideline operating, and clarify some issues following the first round of Ring-fencing compliance reporting.
Ring-fencing separates the competitive and regulated parts of DNSPs to protect the long term interests of consumers. All DNSPs were required to comply with the Guideline by the compliance deadline of 1 January 2018. The Ring-fencing Guideline requires DNSPs to prepare annual compliance reports, accompanied by an assessment of compliance by an independent authority.
Further information can be found on the ring-fencing compliance page.