Happy New Year, and welcome to our third Consumer Data Right (CDR) newsletter for energy retailers.
As the new year commences, we wanted to spotlight one of the key elements of CDR for data holders: privacy.
This component of CDR has significant implications for retailers and will require time to ensure that all obligations are addressed appropriately.
As you are aware, energy retailers are already required to comply with strict privacy obligations. The new CDR framework introduces some new privacy obligations and varies some existing privacy
obligations under the Privacy Act 1988 (Cth).
We are partnering with law firm Gadens to ensure our clients understand and can meet the complex privacy requirements they are obligated to as CDR data holders.
Gadens specialise in data protection, privacy and cyber security issues, including in relation to compliance and business strategy, security risk management, technology transactions including outsourcing, investigations, dispute resolution, regulatory proceedings and enforcement.
This newsletter is brought to you in conjunction with their privacy and data security team.
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Phone:
0429 809 089
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Suite 1
10 Mallett St
Camperdown
NSW 2051
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.