✨ Commerce Act Notice
30 JUNE 2004
NEW ZEALAND GAZETTE, No. 81
2025
$NR_t$ is the notional revenue (excluding any EV adjustment charges) for the assessment period ending in calendar year $t$, being equal to $\sumi P{i,t} Q_i - K_t$ excluding any EV adjustment charges;
$i$ denotes each price pertaining to every specified service;
$P_{i,t}$ is the $i^{\text{th}}$ price at the assessment date occurring in calendar year $t$;
$Q_i$ is the base quantity corresponding to the $i^{\text{th}}$ price for the year ending 30 June 2003 or, if clause 5(2) applies, is the base quantity corresponding to the $i^{\text{th}}$ price for the most recent year ending 30 June during which Transpower has restructured its prices;
$K_t$ is the sum of all pass-through costs for the assessment period ending in calendar year $t$;
$Rt$ is the allowable notional revenue (excluding any EV adjustment charges) under the CPI-X price path at the assessment date occurring in calendar year $t$, being equal to $MR{2004} (1 + \Delta CPI_t)(1 - X)$;
$X$ is 1%;
$MR_{2004}$ is the maximum notional revenue (excluding any EV adjustment charges) at the reference date which would not have caused Transpower to breach the price path threshold under the initial notice at that date, subject to clauses 5(2) and 5(3), and in all cases using the same base quantities used to determine $NR_t$;
$\Delta CPI_t$ is the average change in the consumer price index over the 12 month period that ends on 31 March during the assessment period (calculated in accordance with the following expression):
$$
\Delta CPIt = \frac{CPI{Q2,t-1} + CPI{Q3,t-1} + CPI{Q4,t-1} + CPI{Q1,t}}{CPI{Q2,t-2} + CPI{Q3,t-2} + CPI{Q4,t-2} + CPI_{Q1,t-1}} - 1
$$
where $CPI_{Qj,y}$ is the consumer price All Groups Index SE9A figure published by Statistics New Zealand for the quarter $j$ in the calendar year $y$;
(b) notional revenue during the assessment period: the notional revenue (excluding any EV adjustment charges) of Transpower at any time during the assessment period is not to exceed the greater of the notional revenue (excluding any EV adjustment charges) of Transpower at the assessment date under this clause and the notional revenue (excluding any EV
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 81
Gazette.govt.nz —
NZ Gazette 2004, No 81
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Commerce Act (Transpower Thresholds) Notice 2004
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🏭 Trade, Customs & IndustryCommerce Act, Transpower, Thresholds, Notice, Definitions, Pass-through costs, Public disclosure, Rates, Revenue, Specified services