The changes introduced by the new leasing standard could have a significant impact on regulated utilities and other electricity and electricity sectors, which use significant resources under contracts that can be considered leases. This spotlight takes into account the impact of the standard on U-P companies, including electricity supply contracts, transmission and storage contracts, matrix constructions and facilities, as well as the decision to apply leasing accounting in accordance with ASC 842. Because the power and utility companies are implementing the standard, they can take advantage of the industry views that we have included in these projectors. The new accounting standard AASB 16 may require PPP buyers to change the way they report APUs. In general, operating leasing contracts are now a “right to use” asset with a corresponding leasing debt. They will now be “on the balance sheet.” The effects of the new leasing standard for the electricity and supply sector have been backed up This is an integrated presentation from Microsoft Office, which is supported by Office Online. The impact of the new accounting standard on leasing has a significant impact on the energy and supply industry. Learn more about sectoral thinking about the new standard and how we can help with implementation. . I have a clue. These AAEs are also subject to obligations under Schedule 7.4 of the NER, which sets out technical inspection and verification requirements.

For a confidential chat or a free quote for our services, please contact us at the info@compliancequarter.com.au, call us on 02 8234 1333 or click here for our contact form. Save my name, email address and website in this browser for the next time I will make a comment. The ERA issued its third statement on the expectations of energy companies under Covid 19. This pending declaration applies from November 1, 2020 and will continue until March 31, 2021 and possibly beyond. In the new waiting statement, the ERA notes that the Covid 19 pandemic continues to have a significant impact on the Australian community, as many people are affected by changes in their lives, businesses, incomes and labour agreements. The ERA notes that Covid 19 still has the right to derive essentially all the economic benefits from the use of the identified asset; and the right to direct the use of the identified asset (AASB, Appendix B9) therefore confirmed the requirements for solar PPS “behind the numerator”. Solar Power Purchase Agreements are on the rise in Australia. Solar-PPa is primarily regulated by the exemption framework granted to AER (and Victoria, ESC) for the exemption of retail and network products. This presentation follows our previous webinar on PPAs.

We are looking at two current PPA compliance challenges for solar PPAs: the new accounting standard for leasing and measurement requirements. Your email address will not be published. The required fields are marked – For homeowners, the current distinction between leasing financing and operation and accounting remains largely unchanged. Separation is a central risk zone for energy retailers.