The Australian Energy Regulator has released its proposed amendments to the transmission roll forward model (RFM) under the National Electricity Rules. The proposed amendments are required to continue the partially as-incurred approach to recognising capital expenditure in the RFM. The amendments also provide an option for selecting a forecast or actual depreciation approach to be used to roll forward the RAB, and give effect to the AER’s Rate of return guideline, allowing for an annual update for the return on debt.
The Explanatory statement explains the proposed amendments, and the AER’s reasons for its proposed approach. These proposed amendments are implemented in the amended RFM and revised RFM handbook.
Invitation for submissions
Interested parties are invited to make written submissions on the proposed amendments to the RFM to the AER by close of business, 19 August 2015.
We prefer that all submissions sent in an electronic format are in Microsoft Word or other text readable document form. Submissions should be sent electronically to AERInquiry
aer [dot] gov [dot] au (AERInquiry[at]aer[dot]gov[dot]au).
Alternatively, submissions can be sent to:
Mr Warwick Anderson
General Manager – Networks Finance and Reporting Branch
Australian Energy Regulator
Canberra ACT 2601
We prefer that all submissions be publicly available to facilitate an informed and transparent consultative process. Submissions will be treated as public documents unless otherwise requested. Parties wishing to submit confidential information are requested to:
- clearly identify the information that is the subject of the confidentiality claim
- provide a non-confidential version of the submission in a form suitable for publication.
All non-confidential submissions will be placed on our website. For further information regarding our use and disclosure of information provided to us, see the ACCC/AER Information Policy.
Enquiries about this paper, or about lodging submissions, should be directed to Kenny Yap on (02) 6243 1224.