Australia’s Customer Data Right (CDR) is a set of rules and obligations that give consumers greater control over their own data. While the banking industry was first to be subject to the CDR, the energy sector is now making the move. The Government says Open Energy, the energy sector's branding for the CDR, will help consumers find and switch to the best energy deals. This will not only drive greater competition between energy retailers, but also help consumers better manage their energy use and make more informed decisions about their personal energy investments. In today’s world, data pertaining to energy consumption, billing, and payments is collected and held by energy retailers. Energy retailers are the companies that consumers deal with directly for most of their energy needs. When a consumer decides to shop around for the best energy deal, they typically contact another energy retailer or use a market comparison.
