Territory Stories

Annual Report 2014/2015 Utilities Commission

Details:

Title

Annual Report 2014/2015 Utilities Commission

Other title

Tabled paper 1571

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2015-11-19

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C01590

Parent handle

https://hdl.handle.net/10070/273186

Citation address

https://hdl.handle.net/10070/799701

Page content

44 In 2016, the Commission intends to conduct a further technical audit of Power and Water and Territory Generation to ensure that the recommendations from previous audits have been fully implemented. As a result of the findings of the technical audit in late 2014 and the follow up audit of the compliance framework in May 2015, the Commission published draft Compliance Framework and Reporting Guidelines in July 2015 to supplement the existing Statement of Approach on Compliance and commenced consultation with relevant stakeholders. The draft guidelines include, among other things, a requirement for annual compliance reporting on 31 August every year, additional information on the reporting of material compliance breaches, and an annual declaration that a compliance process is maintained from the Board of Directors of each business. The Commission intends to finalise the Guidelines in October 2015. Compliance by Territory Generation The generation licence held by Power and Water was transferred to Territory Generation on 1 July 2014 following the structural separation of Power and Waters retail and generation businesses. In the 2014 technical audit, overall, the Commission found an adequate level of compliance by Territory Generation with its generation licence. The Commission also found a number of areas in which improvements would contribute greatly to increasing the level of compliance. The Commission noted concerns with Territory Generations use of its compliance system (that it had inherited as part of structural separation) to manage its compliance obligations. The Commission found that similar issues with the compliance framework and process existed. The Commission found Territory Generations use its compliance system did not include individual licence compliance items and hence was insufficient to meet the requirement to ensure that Territory Generation complied with its licence obligations. The Commission also noted that Territory Generation had reviewed its compliance monitoring capability and recently appointed a Manager Audit, Risk, Compliance and Legal, and was to conduct a full internal review of its legal and regulatory obligations in early 2015. Territory Generation commenced operations on 1 July 2014 following its structural separation from Power and Water. The Commission intends to undertake a compliance audit of Territory Generation in 2016. Compliance by Jacana Energy Jacana Energy commenced operations on 1 July 2014 following its structural separation from Power and Water. The Commission intends to conduct a compliance audit of Jacana Energy in 2016. Compliance by QEnergy The Commission did not require a compliance audit for the 2014-15 year. Compliance by ERM The Commission did not require a compliance audit for the 2014-15 year.