icon-electricity Electricity security deposits & interest on late payments

  • Project Released: 05 Jun 2000
  • Project Closes: 08 Dec 2000
  • Contact: Adam Wilson

Overview

In accordance with provisions of the Energy Retail Code, the Commission is required to review annually the interest payable on security deposits and the interest that may be charged on late payments. The review is carried out in December each year with reference to the 1 year bank bill swap rate applying on the first Friday in December of that year and all retailers are advised of the new rates

Status

Current status is Final

  • Initiate
  • Draft
  • Final

Final

The Commission released its final report and the decisions will apply from 1 January 2001.