icon-energy Information disclosure for no early termination fee market contracts

  • Project Released: 12 Mar 2013
  • Project Closes: 05 Sep 2013
  • Contact: Amber Miller

Overview

The Commission consulted on the need to develop an information disclosure guideline for the statutory no early termination fee energy market contract that NERL retailers must make available.  The Commission has developed Energy Guideline No. 5 to set out its disclosure requirements for such contracts.

Status

Current status is Final

  • Initiate
  • Submissions
  • Draft
  • Submissions
  • Final

Final

The Electricity (General) Regulations 2012 and Gas Regulations 2012 were amended alongside the introduction of the National Energy Customer Framework (NECF) in South Australia to require all NERL retailers to make available an energy market contract that would not incur any early termination fees for any reason.

The Commission consulted on the need to develop an information disclosure guideline for the statutory no early termination fee market contracts that would operate in addition to the existing energy contract information disclosure requirements under the NECF, administered by the Australian Energy Regulator (AER). 

The Commission has developed Energy Guideline No. 5 - Information Disclosure for No Early Termination Fee Market Contracts for this purpose, with immediate effect.  The Final Decision sets out the Commission's reasons for introducing the new Energy Guideline No. 5.

Publications