Retailer Energy Productivity Scheme – annual report 2022

19 Jun 2023

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The Commission has released the Retailer Energy Productivity Scheme (REPS) – Annual Report 2022.

The Report has been prepared in accordance with the Commission’s reporting obligations under the Electricity (General) Regulations 2012 and the Gas Regulations 2012 and the Ministers specifications. 

The REPS Annual Report 2022 provides an overview of the activity of obliged retailers under the REPS in 2022 as well the Commission’s observations on costs, competition in activity delivery and any identified barriers to competition. In particular, the report assesses the achievement of each obliged retailer against the 2022 Ministerial targets for undertaking energy productivity activities in South Australian households and businesses.

The key REPS outcomes for 2022 are:

  • The overall annual targets for energy productivity, priority group energy productivity and household energy productivity were achieved.
  •  All obliged retailers except one met their individual targets. Weston Energy Pty Ltd did not meet its target in 2022 as a result of its market exit due to it being the subject of a retailer of last resort event, initiated by the Australian Energy Regulator on 24 May 2022. Noting these events, the Commission have not taken enforcement action against Weston Energy Pty Ltd for not meeting its full target in 2022.
  • Approximately 2.6 million GJ of deemed energy savings were delivered to 17,246 households and businesses.
  • 552,736 GJ of deemed energy savings from 10,909 activities were delivered to priority group households (for example, residential premises in which a person resides who is experiencing hardship or holds an eligible concession or health card).
  • The average cost of activities delivered in 2022 was $13.85 per GJ (excluding GST).
  • There are some indicators of barriers to competition in activity delivery. The majority of retailers primarily considered price, compliance track record and capability when engaging activity providers for REPS services.