Consumer Data Right (CDR) is now live for Energy Retailers.
As CDR is rolled out, it will be mandatory for ‘designated data holders’ to meet rigorous regulatory and privacy obligations and data security requirements. Energy retailers with more than 10,000 electricity small customers are designated data holders in the CDR energy ecosystem. They must be a registered, onboarded and active data holder in the CDR ecosystem by 1 November 2023.
Read our second newsletter to find out what the obligations are and where to start. You can read it here.
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EGC offers a CDR Advisory Service to assist energy retailers through this process.
Our experienced team is capturing the requirements as they apply to energy retailers and will support retailers in navigating the process of planning, implementing, and going live as CDR data holders.
To find out how we can help you be ready for 1 November 2023, please contact Hannah Heath.
Email: [email protected]
Phone: 0429 809 089
Address: 1/10 Mallett St,
Camperdown NSW 2051
Energy regulators ramp up the pressure on energy market participants as enforcement action increases and compliance and enforcement priorities are set for FY24.
Data readiness for energy retailers under CDR. Retailers may find the section on “Potential Issues for Energy Retailers” particularly useful to read through.
The NSW Government is implementing the Peak Demand Reduction Scheme (PDRS) as part of its Energy Security Safeguard strategy scheme starting 1 Nov.