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Current legislation in Victoria permits owners and occupiers of premises to on-sell electricity to individuals and companies who have lease or rent agreements with these owners. The legislation also provides exemption from the Electricity Retail Licence fee if the on-selling of electricity is not the sole purpose of the business. Markets, Shopping Centers, Retirement Villages, Caravan Parks, Body Corporate, commercial and residential building owners and occupiers can all apply to on-sell electricity under this legislation. This legislation effectively provides owners and occupiers of premises with a new ongoing revenue stream. Property owners/occupiers are able to purchase in bulk for their tenants and on-sell electricity at a rate that reflects the retail rates applicable to that type of customer in that geographic area. There are certain requirements that have to be met to obtain approval to on-sell electricity and NEMA can assist in that process. The requirements revolve around the reading of meters, customer management and billing and the overall management of the on-selling activity. |
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