The Retailer Reliability Obligation (RRO) requires that - if the obligation is triggered - liable entities (relevant market customers and opt-in customers) report their net contract position to the AER, with contracts adjusted based on their relative 'firmness'. Standard qualifying contracts are to be adjusted using a default firmness methodology, and non-standard qualifying contracts are to be adjusted using a bespoke firmness methodology developed by the liable entity.
Liable entities are required to have their bespoke firmness methodology, and the way they have been applied, approved by an independent auditor on the AER's auditors panel.
Rule 4A.E.5 of the National Electricity Rules requires the AER to establish and maintain a panel of auditors. The Auditor Panel Handbook acts as a supplementary guide to the Interim contracts and firmness guidelines. It specifies governance arrangements, including how we will establish and maintain the Auditors Panel, and our monitoring and oversight of the Auditors Panel.
Auditor panel expression of interest
The AER is now calling for expressions of interest from suitably qualified people to join the panel. Applications for the initial Auditors Panel will be open from 1 September 2019 to 31 October 2019.
Information on how to apply is contained in the Auditor Panel Handbook. All applications should be emailed to RRO@aer.gov.au. For any queries about the application process please email RRO@aer.gov.au.