✨ Electricity Price Path and Reliability Assessments
2554 NEW ZEALAND GAZETTE, No. 95 6 JUNE 2008
The Lines Company Limited
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The 2003 price path breach was due to The Lines Company passing on the increase in rates and transmission charges on 15 May 2002 instead of 1 April 2002 when they came into effect. This resulted in its allowable notional revenue being lower than it would have been otherwise;
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as The Lines Company delayed passing on the increase in transmission charges, it, rather than its customers, absorbed these costs. Accordingly, The Lines Company’s 2003 price path breach caused no detriment to customers; and
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the Commission has no other section 57E concerns.
Top Energy Limited
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The price path breach at the 2003 assessment date is predominantly explained by Top Energy not passing on the increase in transmissions costs, that came into effect on 1 April 2002, until 1 May 2002;
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as Top Energy delayed passing on the increase in transmission charges, it, rather than its customers, absorbed these costs. Accordingly, Top Energy’s 2003 price path breach caused no detriment to customers;
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the price path threshold breach at the 2004 assessment date is fully explained by the difference between actual and budgeted pass-through costs and Top Energy did not increase its prices over this period;
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the 2004 Notice required Top Energy to set its prices so that its initial allowable revenue would not have breached the price path threshold at the second assessment date. This in effect required Top Energy to set its prices so that the reduction in pass-through costs was passed on to its customers going forward;
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the price path threshold breach at the 2006 assessment date is predominantly explained by the difference between actual and budgeted pass-through costs;
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Top Energy returned the amount of the 2006 price path threshold breach to customers;
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Top Energy’s reliability results do not indicate a deterioration in its performance against its thresholds:
– the breach of the reliability threshold during the 2006 assessment period is reduced to 17.1 minutes (3.7%) when the SAIDI value is normalised and the SAIFI threshold is not exceeded; and
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the Commission has no other section 57E concerns.
Waipa Networks Limited
- The price path breach at the 2003 assessment date is predominantly explained by Waipa Networks’ failure to pass on an increase in transmissions costs on the 1 April 2002;
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 95
Gazette.govt.nz —
NZ Gazette 2008, No 95
✨ LLM interpretation of page content
🏭 The Lines Company Limited Price Path and Reliability Assessment
🏭 Trade, Customs & IndustryElectricity Distribution, Price Path Breach, Reliability Assessment, The Lines Company Limited
🏭 Top Energy Limited Price Path and Reliability Assessment
🏭 Trade, Customs & IndustryElectricity Distribution, Price Path Breach, Reliability Assessment, Top Energy Limited, SAIDI, SAIFI
🏭 Waipa Networks Limited Price Path Assessment
🏭 Trade, Customs & IndustryElectricity Distribution, Price Path Breach, Waipa Networks Limited