Energy retailers will be required to report sensitive information about their financial performance and hedging, while also reporting weekly the number of customers on default offers, a Victorian regulator has proposed in a letter to the companies.
Victoria’s Essential Services Commission late on Tuesday sent a letter to retailers proposing that the companies provide them with income statements, balance sheets, cash flow statements and documents detailing their hedging positions.The ESC also said it was considering asking the retailers to provide weekly information about the number of households and businesses on the default market offer until the end of the year.
The Australian Energy Regulator last month quietly demanded sensitive financial information from the county’s retailersSuch a request is rare, industry sources said, with the last issued at the start of the COVID-19 outbreak amid heightened fears over the impact of shutting large swathes of the economy to limit the spread of the virus.While regulators are scrambling to understand the scale of retailers pain, few companies are hiding their pain.
Well, they do the same thing in china
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