Retailer reliability obligation
Energy Edge appointment as RRO Auditor.
The Australian Energy Regulator (AER) has approved Energy Edge’s Nick Denman and Dr Elliot Tonkes as Independent Auditors for the Retailer Reliability Obligation (RRO). Please contact Nick (firstname.lastname@example.org) or Elliot (email@example.com) for further information.
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.