Improving consumer choice

Prudential security arrangements Code amendment

Upcoming Open Closed Decision
View submissions Submissions closed 24 April 2026
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Consultation

We sought feedback on two proposed Code amendments to improve the efficiency of prudential security arrangements for retailers, without increasing risk to the wider market.

We proposed:

  • reducing the post default exit period by four days for retailers with 1,000 ICPs or fewer
  • reallocating residual funds to purchasers in proportion to their percentage of total purchase volume.

These adjustments are intended to help lower barriers to growth and support a more diverse and vibrant retail electricity market. This should help deliver providing consumers with greater choice and value for consumers.

The Authority intends that future planned improvements to our trader default processes will benefit a wider range of retailers.

Thanks to all who provided feedback.

Consultation paper

Improving prudential security arrangements Code amendment - Consultation paper

Improving prudential security arrangements Code amendment - Consultation paper

Submissions