Case study: Submitting a material change audit

The Electricity Authority Te Mana Hiko has published a case study for industry participants who are required to provide material change audits.

A material change audit is required when an industry participant makes a significant change to any system or process that is regularly audited under Part 16A of the Electricity Industry Participation Code 2010 (Code).

The case study provides information for industry participants about how material change audits are completed and submitted on time.

Read case study: Submitting a material change audit

Material change audits provide assurance to the Authority, participants, and consumers that updates to systems or processes will not increase the risk of non-compliance or affect the accuracy of reconciliation. Material change audits help to determine whether a participant can continue to meet its Code obligations until the next regular audit, or if the next regular audit should be brought forward.

Participants must submit a material change audit report at least five business days before implementing the change, excluding the implementation date itself when calculating timeframes. Participants should document decisions about whether a material change audit is required.

Failing to complete an audit may result in a breach of the Code and carries risks for reconciliation processes, other participants, and consumers.

Material change audits also apply to distributed unmetered load (DUML) databases because changes to how DUML information is stored or calculated may affect compliance.

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