Business are adapting to changing technology trend and so are the legislative. I recently learnt about a legislative directive given to top four Australian banks to make their banking data available. We shall soon also encounter similar derivatives in energy sector. The was a result if a new CDR (Consumer Data Right) that shall allow consumers to own their data by granting access to their banks, energy, cellular and internet transaction, as well as right to control who can use it and who can hold the information.
Consumers and their data rights
Implementation of this legislative on energy sector is still a question, since energy data of a consumer may possibly be held by number of organizations & hence making it difficult to have a single entity to provide all those data. Thus, it may be appropriate to impose these obligations under the CDR on more than one entity unlike banking sector. In energy sector even, market operator holds some consumer data.
And based on what I interpreted, Australian Competition and Consumer Commission wants the first batch of energy data to be open during the first half of 2020 and the initial data set for the CDR in energy has not yet been determined but it is likely to be representation of National Electricity Market, a wing operated by Australian Energy Market Operator (AEMO)
AEMO is hold data connection data and also operates eHub to facilitate transaction between market participants and systems for participants to exchange information within market.
CDR and proposed data model
As per the CDR it has three possible ways of data access model been derived, as far as energy sector is concerned, it focuses on accredited data recipients and not on CDR arrangements on direct consumer to access their data. As per ACCC this is because there are existing arrangements in energy sector to enable consumer have access to their data. One of the aspects is having AEMO to be sole data-holder of centralized data set or having a gateway function to give access to the data set to accredited data recipients.
Other alternative was economy-wide CDR where all the existing data holders such as retailer, be responsible for providing CDR data directly to accredited data recipients and /or consumers, this is the one used in banking sector. As per the new legislation generic data must be made public by initial data holders and all the CDR must be made public by Feb-1, 2020.
Possible Data Types
As far as energy sector us concerned, type of data that may be subject to initial CDR as per ACCC, includes NMI standing data, connection point information, consumer provided data such as account holder name, contact information, metering data that is collected by metering data providers. This may be further extended to include information like billing data, historical billing information, retail tariffs, usage charges etc.
ACCC has released a consultation paper seeking comment on it my 22nd March 2019