Electricity Ring-fencing Code

The Northern Territory Electricity Ring-fencing Code aims to promote and safeguard competition and fair and efficient market conduct in the electricity supply industry by promoting the simulation of competitive market conduct and preventing the misuse of market power.

Where electricity entities operate both natural monopoly and competitive businesses, the role of ring-fencing is to prevent them from using their position in the regulated sectors to give themselves an advantage in the competitive sectors. This is achieved by separating the regulated business activities, costs and revenues from those related to providing services in the competitive sectors.

The Code was introduced in 2001 and was most recently reviewed and revised in 2020. Information regarding the review is available under projects.

Procedures

The Power and Water Corporation’s Accounting and Cost Allocation Procedures set out how it will establish and maintain separate financial accounts and reports for each Prescribed Business. The Information Procedures govern the identification, handling, storing, sharing and publishing of confidential and designated information by the Power and Water Corporation, as well as the electronic, physical and procedural security measures relating to such information.

Electricity Ring-fencing Code

Procedures

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