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Yet another retailer has exited the retail energy market, triggering a Retailer of Last Resort event. That's 10 RoLRs since May last year.
The AER has published yet another Retailer of Last Resort (RoLR) notice on 21 June 20232, this time for another iON Group retail energy brand, Sanctuary Energy.
A Retailer of Last Resort (RoLR) event has occurred in relation to Sanctuary Energy Pty Ltd ... in the National Electricity Market. Prior to the issue of this notice, Sanctuary Energy Pty Ltd was an authorised electricity retailer for the purposes of Part 5 of the NERL with the authorisation identification TE12036.
Although this does technically qualify as an RoLR event, Sanctuary Energy is reported to have zero retail customers in the most recent Quarterly Performance Report from AER, so there appears to be no practical impact on energy consumers.
It's been an extraordinary year for retail energy, and an extraordinarily challenging one for energy retailers.
This latest addition to the RoLR register makes it 10 retailers to have exited via RoLR since May 2022. The RoLR provision had only ever been triggered 5 times in the preceding six years.
| Retailer | Date of notice | Information for customers |
|---|---|---|
| Sanctuary Energy Pty Ltd | 21 June 2023 | |
| Mojo Power Pty Ltd | 16 June 2023 | Frequently asked questions |
| QEnergy Limited | 16 June 2023 | Frequently asked questions |
| Elysian Energy Pty Ltd | 1 September 2022 | Frequently asked questions |
| Social Energy Australia Pty Ltd | 24 August 2022 | Frequently asked questions |
| Mojo Power East Pty Ltd | 27 July 2022 (amended) | Frequently asked questions |
| Power Club Limited | 12 July 2022 | Frequently asked questions |
| Enova Energy Pty Ltd | 22 June 2022 | Frequently asked questions |
| Weston Energy Pty Ltd | 31 May 2022 (amended) | Frequently asked questions |
| Pooled Energy Pty Ltd | 24 May 2022 | Frequently asked questions |
| Flow Systems Pty Ltd | 3 May 2019 (amended) | |
| COzero Energy Retail Pty Ltd | 29 June 2018 | |
| Urth Energy Pty Ltd | 2 February 2017 | |
| GoEnergy Pty Ltd - gas | 13 April 2016 (amended) | |
| GoEnergy Pty Ltd - electricity | 2 April 2016 |
The market for renewable energy certificates in Australia is currently in freefall. Prices are dropping like a stone, making the cost of being green much cheaper for your retailer. Make sure it gets cheaper for you, too.
The Australian Energy Market Commission (AEMC) is officially starting its Accelerating Smart Meter Deployment (ASMD) reforms. If you don’t already have a smart meter, you will by the end of 2030.
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