Final decision - Statement of regulatory principles (SRP)
Back to topOn 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. In December 2004 the ACCC finalised the statement of regulatory principles (SRP) process by issuing the following documents:
- Statement of principles for the regulation of electricity transmission revenues—background paper (SRP background paper)
- Statement of principles for the regulation of electricity transmission revenues (SRP). This document is a consolidated version of the revised regulatory principles set out at the end of each chapter of the SRP background paper.
The statement of principles for the regulation of electricity transmission revenues takes into account submissions and consultation in relation to the August 2003 discussion paper seeking comments on the Draft regulatory principles (released in May 1999) and the draft statement of principles for the regulation of electricity transmission revenues (draft SRP) released in August 2004.
In the SRP, the ACCC took measures to increase certainty of investment for transmission networks through its decisions on the value of the asset base, the capital expenditure (capex) framework and the weighted average cost of capital (WACC). The ACCC also took measures to implement a more incentive-based regime through its decisions on capex and operating and maintenance expenditure.
| Documents (2) | Author |
|---|---|
| Statement of regulatory principles - background paper - 8 December 2004 ( PDF 570.81 KB ) | AER |
| Statement of regulatory principles - 8 December 2004 ( PDF 118.16 KB ) | AER |
Position paper - Regulatory accounting methodologies
Back to topThe AER has released a position paper inviting comments from interested parties on two accounting approaches in relation to the recognition of the timing of capital expenditure in a transmission network service provider’s regulatory asset base.
The AER’s Statement of Regulatory Principles does not provide any guidance on this issue and the AER has previously provided flexibility in terms of an accounting approach that may be applied by the TNSP’s. The AER’s preliminary position based on an examination of the issues identified in the paper is to favour an “as-incurred” accounting approach that should be applied by all TNSP’s.
| Documents (1) | Author |
|---|---|
| AER position paper accounting methodologies ( PDF 99.2 KB ) | AER |
Submissions - to Regulatory accounting methodologies
Back to topSubmissions closed 17 October 2005
Late submissions
Back to top| Documents (6) | Author |
|---|---|
| ElectraNet Letter to submission on regulatory accounting methodologies - 14 November 2005 ( PDF 1.07 MB ) | ElectraNet |
| Energy Action Group submission to regulatory accounting methodologies - 28 October 2005 ( PDF 42.76 KB ) | Energy Action Group |
| Integral Energy submission to regulatory accounting methodologies - 18 October 2005 ( PDF 44.41 KB ) | Integral Energy |
| Major Energy Users submission to regulatory accounting methodologies - 21 October 2005 ( PDF 95.66 KB ) | Major Energy Users Inc (MEU) |
| Powerlink submission to regulatory accounting methodologies - 9 November 2005 ( PDF 110.47 KB ) | Powerlink Queensland |
| Transend submission to regulatory accounting methodologies - 15 November 2005 ( PDF 103.43 KB ) | Transend Networks Pty Ltd (Transend) |