So in a sense, a role for the RBA in this area is not new. What we are now proposing is to formalise that role in two ways. First, we have announced that we will be putting in place a more systematic reporting regime for retail outages.
However, five states had no reference to Y2K preparedness and 23 states did not cite the cost estimates for their programs. Thus, based on this and other anecdotal evidence I have seen, I suspect that much work still needs to be done in this area as well. On the international level, there is both good news and bad.