Power and Water Corporation (Power and Water) is the electricity distribution network service provider in the Northern Territory.
Power and Water's forthcoming five-year regulatory control period commences on 1 July 2019 and ends on 30 June 2024. Under the National Electricity Rules (NER) as in force in the Northern Territory, Power and Water is required to submit its regulatory proposal to us by 31 January 2018. However, prior to that date, the NER requires us to finalise a Framework and Approach (F&A) that applies to Power and Water.
The F&A is the first step in the process to determine efficient prices for electricity distribution services. The F&A determines, amongst other things, which services we will regulate and the broad nature of the regulatory arrangements. This includes an assessment of services (service classification) and whether we need to directly control the prices and/or revenues set for those services. The F&A also facilitates early consultation with consumers and other stakeholders and assists electricity distribution businesses to prepare expenditure proposals.
On 10 March 2017, we published our preliminary F&A for Power and Water. Submissions closed on 21 April 2017. Further information is available under 'AER Position'.