✨ Commerce Act Amendment
4054 NEW ZEALAND GAZETTE, No. 161 30 NOVEMBER 2010
COMMERCE ACT (ELECTRICITY DISTRIBUTION DEFAULT PRICE-QUALITY PATH) AMENDMENT DETERMINATION 2010
Pursuant to Part 4 of the Commerce Act 1986, the Commerce Commission makes the following "amendment determination":
1 Title
1.1 This amendment determination is the Commerce Act (Electricity Distribution Default Price-Quality Path) Amendment Determination 2010.
1.2 In this amendment determination, the Commerce Act (Electricity Distribution Default Price-Quality Path) Determination 2010 is called the "principal determination".
2 Commencement date
This amendment determination comes into force on 1 April 2011.
3 Amendment to price path compliance assessment formulae
The principal determination is amended by omitting clause 8.4, and substituting the following:
8.4 Compliance with the price path
The notional revenue (NR_t) of a Non-exempt EDB at any time during the Assessment Period must not exceed the allowable notional revenue (R_t) for the Assessment Period, such that:
(NR_t \leq R_t)
where:
(NR_t) is the notional revenue for the Assessment Period (t), being equal to:
(\sumi P{i,t}Q_{i,t-2} - K_t)
(R_t) is the allowable notional revenue for the Assessment Period (t), other than the First Assessment Period, being equal to:
(\left(\sumi P{i,t-1}Q{i,t-2} - K{t-1} \right) + (R{t-1} - NR{t-1}) \times ((1 + \Delta CPI_t) \times (1 - X)))
where:
t denotes the year of the Assessment Date in the Assessment Period, for which compliance is being assessed;
i denotes each Price relating to an Electricity Lines Service;
(P_{i,t}) is the (i^{th}) Price during any part of the Assessment Period (t);
(P_{i,t-1}) is the (i^{th}) Price during any part of the Pricing Period (t-1);
(Q_{i,t-2}) is the Quantity corresponding to the (i^{th}) Price during the Pricing Period (t-2);
(K_t) is the sum of all Pass-Through Costs during the Assessment Period (t);
(K_{t-1}) is the sum of all Pass-Through Costs during the Pricing Period (t-1);
(R_{t-1}) is the allowable notional revenue during the Assessment Period (t-1);
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NZ Gazette 2010, No 161
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Electricity Distribution Default Price-Quality Path Amendment Determination 2010
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🏭 Trade, Customs & IndustryCommerce Act, Electricity Distribution, Price-Quality Path, Amendment