On 8 November, we released a Notice on whether to amend or replace the current Framework and Approach (F&A) for Power and Water Corporation 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 Power and Water Corporation F&A. In early 2022, we will release our preliminary Framework and Approach for consultation.
Power and Water Corporation 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, Power and Water Corporation 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 Power and Water Corporation 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.
|AER - NOTICE 2 - Decision to replace F&A for NSW, ACT, NT and TAS - December 2021 ( PDF 490.17 KB )||AER|
|Power and Water Corporation - Letter and attachment to the AER on the Framework and Approach - October 2021 ( PDF 1.98 MB )||Power and Water Corporation (PWC)|