Market Review

Markus Lloyd
Markus Lloyd

Head of Market Improvement

Markus Lloyd
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

Wholesalers18
NAV/Regional Wholesalers/Retailers13
Associated Retailers09
Unassociated Retailers (including self supply)28
Independent self supply1
Waterscan managed self supply15
Total68

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.