In 2013, we reviewed this framework to ensure it addressed issues that arose in past audits and established an effective methodology for future audits.
Energy regulatory audit framework review 2013
One of our statutory functions is to administer the licensing of energy retail, distribution, transmission and generation activities. Licensees are required to comply with the conditions of their licences and other obligations, to monitor their compliance and to report compliance breaches. We may require licensees periodically to undertake independent audits of their compliance with their obligations.
In mid-2013, this program of energy retail audits was extended to licensed energy distribution businesses and outlined our role in enforcing certain obligations related to an advanced metering infrastructure (AMI) rollout.
We produced several resources that support the framework
In April 2013, we started a consultation on the framework. We published our final decision and the revised Guideline 22: Regulatory Audits of Energy Businesses (which has now been superseded by the Audit Guideline for Energy Businesses). We also finalised the revised Tripartite Audit Deed.
We continue to appoint suitably qualified organisations to our energy audit panel.