The CEC submission supports the AEMC’s decision not to progress the proposed model of multiple Financially Responsible Market Participants (FRMPs e.g. retailers or aggregators) for residential and small business premises due to the implementation challenges and related costs that would come with introducing AEMO’s proposed model (FTM2).
The CEC submission highlights other ways to unlock CER benefits, which should be prioritised above this proposed rule change.
If a second settlement point was to be considered, then the CEC encourages the AEMC to also consider whether the current consumer protections remain appropriate or need to change to align to ensure consumers can rely on the second settlement point leads to overall improvements in energy use and/or costs for the consumer.
