On 8 November, we released a Notice on whether to amend or replace the current Framework and Approach (F&A) for Evoenergy and received several submissions on whether it is necessary or desirable to amend or replace the F&A.
On 10 December 2021, we issued a decision to replace Evoenergy's F&A. In early 2022, we will release our preliminary Framework and Approach for consultation.
Evoenergy is an electricity distribution network service provider. Its next five year regulatory control period commences on 1 July 2024 to 30 June 2029 (2024-29).
Under the NER, Evoenergy is required to submit its regulatory proposal to us by 31 January 2023. However, prior to that date, the NER require us to review the current F&A paper that applies to Evoenergy and decide whether to amend or replace it.
The F&A is the first step in the reset process and sets out how we propose to apply a range of incentive schemes and other guidelines as well as our approach to calculating depreciation. The F&A also facilitates early consultation with consumers and other stakeholders and assists electricity distribution businesses prepare expenditure proposals.