What is an ENM and What Does it Mean for You?
There have been recent changes to the national electricity market aimed at improving competition within the embedded network market. One of these changes is the requirement that all embedded network operators appoint an embedded network manager (ENM).
OC Energy is happy to announce that we have appointed a third party to be our ENM. We believe that appointing an independent ENM is in the best interest of all our stakeholders.
Here is what you need to know…
What is an ENM?
An ENM is an entity registered with the Australian Energy Market Operator (AEMO), whose sole purpose is to track and facilitate the transition of any customer who wishes to enter the retail market while still being part of the embedded network. The ENM will work with the selected retailer to access market systems and complete tasks such as registering the meter and assigning a National Meter Identifier or NMI. You can find a list of all AEMO accredited ENMs by clicking here.
ENMs are prohibited from paying an advance or rebate to a property owner or developer either in connection with the provision of ENM services, or to secure a right to provide ENM services to an embedded network.
What are the benefits for residents?
The establishment of the ENM will enable those residents who wish to enter the retail market while within the embedded network, the right to exercise their “power of choice”. The ENM will work with the retailer to which a resident has contacted for an energy offer. This empowers consumers within embedded networks to shop around for their electricity provider.
As OC Energy already offers competitive pricing, we welcome the introduction of ENMs and the empowerment of residents within embedded networks. It is important to note that where a customer elects to use an alternate retailer for their electricity, they will still be within an embedded network and will therefore continue to receive a bill from OC Energy for the supply component of their bill.
OC Energy believes that appointing an independent third party to act as its ENM means that its customers will be able to make decisions regarding their electricity provider without influence.
However, some other embedded network operators have obtained AEMO accreditation and will act as both the embedded network operator and ENM.
To find out all the other benefits of being with OC Energy click here.
What does this mean for owners corporations?
You don’t need to do a thing!
Owners corporations and building managers, in buildings where OC Energy is the embedded network operator, do not need to do anything as OC Energy has taken care of all ENM arrangements.
What does this mean for developers?
It’s business as usual if you’ve already appointed, or are considering appointing, OC Energy as your embedded network operator.
You can rest assured that your purchasers will benefit from true “power of choice” when it comes to their electricity provider.
If you’ve appointed, or are negotiating with, another embedded network operator who is also an ENM, you should take note of the prohibitions imposed on ENMs.
To find out what are the other benefits for developers click here.
Want more information?
Further information regarding the introduction of ENMs can be found here.
If you have any queries regarding the role of ENMs and how these changes may affect you, please do not hesitate to contact us by emailing email@example.com