The AER held a public forum on Powerlink Queensland’s (Powerlink) revenue cap reset application on Thursday, 20 April 2006 at:
Brisbane Marriott Hotel, Queen Adelaide Room Two 515 Queen Street Brisbane 4000
9:00 am to 12:00 pm (registrations from 8:30 am).
AER chairman, Mr Steve Edwell outlined to the forum the AER’s processes for considering Powerlink’s revenue cap application. Powerlink provided an overview of its application. Participants were invited to comment on Powerlink’s application and/or ask questions at the public forum. Copies of the agenda, minutes and presentations are available below.
An indicative timetable showing the key milestones for the revenue reset process is set out below.
Revenue cap reset process
Receive Powerlink’s application—3 April 2006
Public forum on Powerlink’s application—20 April 2006
Submissions close on the application—1 June 2006
Release the AER’s draft decision and consultant’s report*—September 2006
Submissions close on the draft decision and consultant’s report—October 2006
Release the AER’s final decision—December 2006.
* The AER will engage consultants to assist with reviewing Powerlink’s application.
Background
Under the National Electricity Rules, the AER is responsible for regulating the revenues associated with the non-contestable elements of the transmission services provided by Powerlink. The AER will set Powerlink’s revenue cap for a five year period from 1 July 2007 to 30 June 2012.
Prior to the formation of the AER, the ACCC was responsible for regulating Powerlink’s revenues. The ACCC set a revenue cap for a five and a half year period from 1 January 2002 to 30 June 2007. A copy of this revenue cap decision is available on the AER’s website.
Powerlink is a government owned corporation that owns, develops, operates and maintains Queensland’s high voltage electricity transmission network. This network is used to transport high voltage electricity from generators to electricity distribution networks and directly to large business customers in Queensland.
