Appendix B: Current electricity ring-fencing arrangements by jurisdiction (NSW) ICRC (ACT) QCA ESCOSA (SA) OTTER ESC (Victoria) AER (Queensland) (Tasmania) Transmission guidelines Not addressed. DNSP must not DNSP must not DNSP must not Not addressed. Not addressed. TNSP that supplies Legal carry on a carry on a related hold a retail licence ring-fenced services separation related business. business within or a generation must be a legal that legal entity. licence (except entity and must not when generation is carry on a related carried out for business, unless network support related business purposes and does not attract total Not addressed. DNSP must DNSP must Not addressed. Separate Not addressed. TNSP must Accounting where no revenue revenue of less than establish and establish and accounting establish and is earned from or equal to 5% of separation maintain maintain guidelines maintain separate such generation). the TNSP’s total consolidated and consolidated and covering how set of accounts for annual revenue. separate separate accounts DNSP should provision of accounts for the for the provision of present accounting services and provision of prescribed reports and separate distribution distribution disaggregation amalgamated services and its services and statements accounts for entire other excluded services. they provide business. businesses. contestable services.
Appendix B: Current electricity ring-fencing arrangements by jurisdiction (NSW) ICRC (ACT) QCA (Queensland) ESCOSA (SA) OTTER (Tasmania) ESC (Victoria) AER Transmission guidelines Legal separation Not addressed. DNSP must not carry on a related business. DNSP must not carry on a related business within that legal entity. DNSP must not hold a retail licence or a generation licence (except when generation is carried out for network support purposes and where no revenue is earned from such generation). Not addressed. Not addressed. TNSP that supplies ring-fenced services must be a legal entity and must not carry on a related business, unless related business does not attract total revenue of less than or equal to 5% of the TNSP’s total annual revenue. Accounting separation Not addressed. DNSP must establish and maintain consolidated and separate accounts for the provision of distribution services and its other businesses. DNSP must establish and maintain consolidated and separate accounts for the provision of prescribed distribution services and excluded services. Not addressed. Separate accounting guidelines covering how DNSP should present accounting reports and disaggregation statements they provide contestable services. Not addressed. TNSP must establish and maintain separate set of accounts for provision of services and separate amalgamated accounts for entire business.
AER%20ring%20fencing%20guideline%20-%20preliminary%20positions%20paper%20-%20April%202016_0.DOCX