As required by the National Electricity Rules (NER), AER is preparing to undertake the next transmission determination for the New South Wales electricity transmission network service provider (TNSP)— TransGrid. The AER’s transmission determination will cover the transitional (1 July 2014 to 30 June 2015) and subsequent regulatory control periods (1 July 2015 to 30 June 2019). TransGrid's regulatory proposal is due by 31 May 2014.
The AER must publish a framework and approach paper in anticipation of the transmission determinations. The framework and approach paper will set out the AER’s likely approach in the transmission determination for TransGrid on such matters as:
- service target performance incentive scheme
- efficiency benefit sharing scheme
- capital expenditure sharing scheme
- expenditure forecast assessment guidelines, and
- whether depreciation will be based on forecast or actual capital expenditure.
Interested parties are encouraged to consider the key dates.
| Milestone | Date |
|---|---|
| Framework and approach published | 31 January 2014 |
| TransGrid submits transitional regulatory proposal | 31 January 2014 |
| AER to publish transmission determination for transitional regulatory control period | 31 March 2014 |
| TransGrid submits regulatory proposal | 31 May 2014 |
| AER to publish draft transmission determination | November 2014 * |
| AER to publish final transmission determination | 30 April 2015 |
Source: NER, Chapter 6A
Notes:* The NER does not provide specific timeframes in relation to publishing draft decisions. Accordingly, this date is indicative only.