Market Review
Markus Lloyd
Head of Market Improvement
Markus Lloyd
Head of Market Improvement
The market welcomed four self supply retailers and one unassociated retailer in 2020/21, and saw a number of trading party mergers and acquisitions.
Types of Trading Parties
| Wholesalers | 18 |
| NAV/Regional Wholesalers/Retailers | 13 |
| Associated Retailers | 09 |
| Unassociated Retailers (including self supply) | 28 |
| Independent self supply | 1 |
| Waterscan managed self supply | 15 |
| Total | 68 |
COVID-19 restrictions had noticeable impacts
When compared with 2019/20:
- Annual non-household (NHH) consumption reduced by 23 per cent
- The number of internal long unread meters has doubled
- Annual actual meter readings, used to calculate first settlement reconciliation of charges (R1), reduced by three per cent.
Settlement
- Primary charges reduced by 18 per cent at R1 compared to the previous year
- Retailers have managed reduced consumption estimates using the yearly volume estimate (YVE) capping mechanism for more than 300,000 meters
- Consumption was underestimated by up to 8 per cent when comparing the first and third settlement reconciliation runs.