We will use independent audits to make sure a Scheme Participant’s individual liable demand has been calculated correctly.
Audits under the Peak Demand Reduction Scheme (PDRS) will closely align with the audits required of Scheme Participants under the Energy Savings Scheme. We expect that for each compliance period (1 November to 31 March the following year) the scope of the audits will verify:
- the quantity of liable acquisitions from the market operator, Australian Energy Market Operator (AEMO)
- the quantity of non-market liable loads acquired from a person other than AEMO
- that any exemptions that relate to fully or partially exempt electricity loads have been correctly applied
- the calculation of the Scheme Participant’s individual liable demand.
The first audit of a Scheme Participant’s individual liable demand (where required – see the Individual liable demand for more details) will be due on or before 16 November 2023 for the 1 November 2022 – 31 March 2023 compliance period.
We are aligning reporting dates for the PDRS and Energy Savings Scheme so Scheme Participants can choose to combine their audits under the schemes if they wish. See our Scheme Participant compliance timeline page for more details.
Further information about how to calculate individual liable demand and report on liable demand online will be available in 2023.