New Zealand Gazette – 2005 – No. 98

Page 2283

✨ Commerce Act Notice



29 JUNE 2005

NEW ZEALAND GAZETTE, No. 98

2283

the assessment date (calculated in accordance with the denominator of the left-hand side of the following expression):

(\frac{NR_t}{R_t} \leq 1)

where:

t

denotes the calendar year during which the assessment date occurs;

NR_t

is the notional revenue for the assessment period ending in calendar year t, being equal to (\sumi P{i,t} Q_i - K_t);

i

denotes each price pertaining to every specified service;

P_{i,t}

is the ith price at the assessment date occurring in calendar year t;

Q_i

is the base quantity corresponding to the ith price for the year ending 30 June 2003 or, if clause 5(2) applies, is the base quantity corresponding to the ith 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;

R_t

is the allowable notional revenue under the CPI-X price path at the assessment date occurring in calendar year t, being equal to MR2004 (1 + ΔCPI{t-1})(1 + ΔCPI_t)(1 - X)(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;

ΔCPI_T

is the average change in the consumer price index over the 12 month period that ends on 31 March during calendar year T (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)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 98


Gazette.govt.nz — PDF NZ Gazette 2005, No 98




✨ LLM interpretation of page content

🏭 Commerce Act (Transpower Thresholds) Notice 2005 (continued from previous page)

🏭 Trade, Customs & Industry
Commerce Act, Transpower, Thresholds, Regulation, Definitions