On 13 May 2019, the Australian Energy Regulator (AER) approved an electricity retailer authorisation application from Elysian Energy Pty Ltd (Elysian Energy) under the National Energy Retail Law (NERL).
On 30 August 2022, Elysian Energy Pty Ltd appointed an external administrator. The appointment of an administrator constitutes a RoLR event in accordance with paragraph (d) of the definition of RoLR event in section 122 of the NERL.
Under section 142 of the NERL, the AER revoked Elysian Energy Pty Ltd's electricity retailer authorisation (AER reference E19003) with effect from 0.00 Australian Eastern Standard Time on Friday 2 September 2022. This means that, for the purposes of section 88 of the Retail Law, Elysian Energy Pty Ltd must not sell electricity to a person for premises in New South Wales, Queensland, the Australian Capital Territory, South Australia or Tasmania.