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 report is prepared each year using information provided by the transmission network service providers (TNSPs) under the National Electricity Rules. The report focuses on the revenue and expenditure performance of the networks. Information is presented on the TNSPs’ profitability and investment outcomes, comparing actual expenditure with those forecast in the original revenue cap decisions.
Electricity regulatory reports generally detail the financial and service standards performance of relevant TNSPs within the National Electricity Market over a financial year.
Regulatory reports are a useful tool and provide significant benefits, such as:
facilitating informed public input into future decisions by the AER
allowing public scrutiny of annual TNSP performance against revenue caps
providing greater transparency of the regulatory process.