New Zealand Gazette – 2006 – No. 64

Page 1531

✨ Commerce Act Notice



23 JUNE 2006 NEW ZEALAND GAZETTE, No. 64 1531

(a) notional revenue at the assessment date: the notional revenue of
Transpower at the assessment date (calculated in accordance with the
numerator of the left-hand side of the following expression) is not to exceed
the allowable notional revenue of Transpower under the CPI-X price path at
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;

Rt is the allowable notional revenue under the CPI-X price path at
the assessment date occurring in calendar year t, being equal to
(MR{2004}(1 + \Delta CPI{t-2})(1 + \Delta CPI{t-1})(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;



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 64


Gazette.govt.nz — PDF NZ Gazette 2006, No 64




✨ LLM interpretation of page content

🏭 Commerce Act (Transpower Thresholds) Notice 2006 (continued from previous page)

🏭 Trade, Customs & Industry
23 June 2006
Commerce Act, Transpower, Thresholds, Notice, Electricity, Definitions, Pricing, Public Disclosure, Rates, Reference Date