The National Electricity Code (the predecessor to the National Electricity Rules) required the ACCC to develop guidelines setting out how it will exercise its regulatory powers. The draft Statement of Principles for the Regulation of Transmission Revenues was released in May 1999, in accordance with the requirements of the National Electricity Code.
Draft guideline - Draft statement of principles for the regulation of transmission revenues (DRP)
Draft statement of regulatory principles supplementary papers (27 May 1999)
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Issues paper - review of the draft regulatory principles
In May 1999 the ACCC released its draft statement of principles for the regulation of transmission revenues (DRP). The ACCC identified a number of issues within the DRP to be reviewed, including:
- revaluation of the asset base versus the merits of roll-forward
- operating and maintenance expenditure
- capital expenditure
- weighted average cost of capital
- incentive mechanism and benchmarking.
The discussion paper was intended to be read in conjunction with the DRP.
Discussion paper 2003 - review of draft regulatory principles (28 August 2003)
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Submissions - on review of the draft regulatory principles
Submissions closed 28 November 2003
ECCSA and BHP-Billiton - submission to draft regulatory principles - July 2002
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ElectraNet - submission to draft regulatory principles - 28 November 2003
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Energy Australia - cover letter to submission to draft regulatory principles - 28 November 2003
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Energy Australia - submission to draft regulatory principles - 28 November 2003
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National generators forum - submission to draft regulatory principles - 28 November 2003
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NECG submission on behalf of TNSP's - submission to draft regulatory principles - November 2003
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Origin submission - submission to draft regulatory principles - 21 November 2003
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Powerlink - submission to draft regulatory principles - 28 November 2003
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Queensland Treasury Corporation - submission to draft regulatory principles - 28 November 2003
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SPI PowerNet - submission to draft regulatory principles - November 2003
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Transend - submission to draft regulatory principles - 28 November 2003
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TransGrid - submission to draft regulatory principles - November 2003
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Attachment A to TG submission (NERA Energy Regulation Brief, October 1999)
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Late submissions
ECCSA - submission to draft regulatory principles - no 2 - April 2004
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EUAA submission - submission to draft regulatory principles - February 2004
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Queensland Government - submission to draft regulatory principles - 12 January 2004
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TEC - covering letter to submission to draft regulatory principles - February 2003
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Transend supplementary paper - submission to draft regulatory principles - 7 January 2004
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TXU - covering letter to submission to draft regulatory principles - 17 December 2003
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TXU submission - submission to draft regulatory principles - 17 December 2003
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Vencorp - cover letter to submission to draft regulatory principles - 3 December 2003
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VENCorp - submission to draft regulatory principles - 3 December 2003
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Supporting information - Post-tax revenue model for electricity (August 2005)
On 1 July 2005 the AER assumed the Australian Competition and Consumer Commission's (ACCC) responsibilities for the regulation of transmission revenues in the National Electricity Market. The ACCC used a post-tax revenue model (PTRM) to set revenue caps for transmission network service providers.
In December 2003 a simplified draft PTRM—Electricity module and corresponding handbook were released. Comments were invited from interested parties.
The AER has now updated the attached PTRM—Electricity module and handbook, which explains the AER's use of the PTRM.
Submissions - to post-tax revenue model
Submissions due 9 February 2004