Overview

Draft guideline - Draft statement of principles for the regulation of transmission revenues (DRP)

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.

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. 

Attachment A

Document
Authors
AER

Attachment B

Document
Authors
AER

Attachment C

Document
Authors
AER

SKM report (May 2002)

Document
Authors
Sinclair Knight Merz (SKM)

Submissions - on review of the draft regulatory principles

Submissions closed 28 November 2003

ECCSA and BHP-Billiton - submission to draft regulatory principles - July 2002

Document
Authors
Electricity Consumers Coalition of SA (ECCSA)
BHP Billiton

Transend - submission to draft regulatory principles - 28 November 2003

Document
Authors
Transend Networks Pty Ltd (Transend)

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