Power and Water Corporation - Determination 2019-24

Sector: 
Segment: 
Commencement date: 
17 October 2016
Regulatory period: 
1 July 2019 to 30 June 2024
(5 years)
Status: 
Contact: 
General inquiries - NT Power & Water 2019 determination NTPowerWater2019@aer.gov.au
AER reference: 
60610

Overview

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'.

Indicative timetable - key dates
Milestone Scheduled date
AER publishes preliminary positions F&A for PWC  Late March 2017
PWC to submit its Expenditure Forecasting Methodology to the AER

30 June 2017

AER to publish final F&A for PWC 1 August 2017
PWC due to submit regulatory proposal to AER 31 January 2018
AER due to publish issues paper on PWC's regulatory proposal March/April 2018**
Submissions on regulatory proposal close

May 2018**

AER to publish draft distribution determination

29 September 2018*

PWC due to submit revised regulatory proposal to AER December 2018*
Submissions on revised regulatory proposal and preliminary determination close January 2019**
AER to publish distribution determination for regulatory control period April 2019

Notes: * indicative only

** The date provided is based on the AER receiving a compliant proposal. The date may be altered if we receive a non-compliant proposal.