We have decided to amend Parts 10, 11 and 15 and create a new Part 16A of the Electricity Industry Participation Code 2010 to better aligning governance of the audit regime with international best practice and introduce operational enhancements to improve the efficiency of the audit regime.

The Code amendment will promote the efficiency limb of our statutory objective by improving transparency and the decisions made as a result of participant audits. 

We have also published a decision and reasons paper, a summary of submissions and revised cost-benefit analysis for this Code amendment.

The amendment will come into force on 1 June 2017.

Consultation: Review of the participant audit regime