Do I need an electricity retail licence?
Any organisation that wishes to sell energy in the National Energy Market (NEM) must apply for and receive an authorisation from the Australian Energy Regulator (AER). In Victoria the process is slightly different, whereby a licence is granted by the Essential Services Commission (ESC).
Whilst not yet compulsory, many Embedded Network Owners are electing to become energy retailers given both the increasing obligations imposed on embedded networks by the AEMC, and the impact of hte Power of Choice reforms. These reforms make it much easier for embedded network customers to source their own on-market retailer, which can significantly
reduce the financial return of the site for the owner of the network. Possesssing significant experience in the Embedded Network Space, Sonne Energy Australia can assist in helping Embedded Network Owners to themselves become an electricity retailer, and avoid the risks of any sudden changes in the regulatory landscape.
Securing a licence allows your organisation to significantly diversify your business and find new revenue streams – including selling electricity to your organisation’s existing group of cutomers, bundling energy products and facilitating corporate PPA’s.
How do I obtain an electricity retail licence?
The National Energy Retail Law sets out three entry criteria that must be satisfied to successfully obtain a retailer authorisation:The National Energy Retail Law sets out three entry criteria that must be satisfied to successfully obtain a retailer authorisation:
Organisational and technical capacity
The applicant must have the necessary organisational and technical capacity to meet the obligations of a retailer
Financial resources
The applicant must have resources or access to resources so that it will have the financial viability and financial capacity to meet the obligations of a retailer.
Suitability
he applicant must be a suitable person to hold a retailer authorisation.the applicant must be a suitable person to hold a retailer authorisation.
If your business is looking to obtain an Energy Licence but isnt sure how, Sonne Energy Australia can help. We will provide practical assistance and guidance on encuring your business can meet the financial requirements as set out by the AER, and will provide the organisational and technical capacity for your business to operate as an Authorised Energy Retailer.
Specifically, we can help you to satisfy the AER’s criteria regarding the following:
Organisational and technical capacity
Energy market experience
Business plans
Compliance and risk management strategies
Agreements with market participants
Financial capac
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For more information feel free to contact us.