In 2005, on its establishment, the Australian Energy Market Commission (AEMC) initiated the first major review of electricity transmission revenue requirements and prices since the National Electricity Market started in 1998. This review addressed the need for certainty by codifying regulatory guidelines and current practice in the Rules. It addressed the need for balance by giving transmission businesses adequate incentive to invest while ensuring users pay efficient prices for reliable services.
Scoping paper
On 19 August 2005 the AER provided the following submission to the AEMC, Review of the electricity transmission revenue and pricing rules, initial consultation: scoping paper.
AER letter to AEMC scoping paper - 22 August 2005
Issues paper - Revenue requirements
AER submission to AEMC scoping paper - 19 August 2005