Distributors may be key to multiple trading relationships
Caption: Simultaneous Data Delivery to Multiple Destinations
The authority received 28 submissions on its November consultation paper on enabling multiple trading relationships. It may task the industry’s Innovation and Participation Advisory Group to consider the issue as part of its workplan. GoodMeasure says the industry will be better prepared for future technology developments if distributors take a more active role sooner. The cloud-based, behind-the-meter electricity monitoring firm – led by energy entrepreneurs Dean Gowans and Regan Ryan – expects there will be “reluctance” from the “largest, most powerful players” who are at ease with the status quo. It suggests a multiple trading system be brought up alongside the existing framework, similar to having analogue metering technology continuing to exist alongside smart meters. Consumers would drive the transition by “selecting progressive retailers” which swiftly embrace new applications, it says. It says distributors are best placed to overcome some of the challenges to multiple trading relationships. They should deal with connections and disconnections and also medically dependent and vulnerable consumers – an obligation which GoodMeasure says should have always been with that industry.
GoodMeasure believes consumers will benefit whether or not they participate in multiple trading relationships. “The threat of it will push retailers to lift their game.” It suggests consumer services from metering providers would also improve. “Currently, most MEPs contract with the retailer. Many of the problems highlighted in the consultation paper are due to the cosy nature of this arrangement.” Metering firms aren’t currently incentivised to provide more than what their retailer requires and their contracts also try to ensure installed assets “cannot easily be superseded”. As a result consumers are receiving minimal value from their smart meters which should be clearly identified as a constraint. GoodMeasure also calls for distributors’ load-control to be opened up in the same manner as access to metering data. “Retailers could bid for the use of the load control, or better still, the consumer could participate in dynamic markets where the use of load control would be given to the highest bidder for a half hour period.”
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Credits: The Article “Distributors may be key to multiple trading relationships”, written by Felicity Wolfe was originally published on ENERGY NEWS on Thursday, 05 April 2018.
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