✨ Electricity Price-Quality Path Amendment
30 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 161 4055
NRt-1 is the notional revenue during the Assessment Period t-1;
X is the rate of change for the Non-exempt EDB as specified in Schedule 2; and
ΔCPIt is the derived change in the CPI to be applied during the Assessment Period t,
being equal to:
*CPI*<sub>*Dec,t-3*</sub> + *CPI*<sub>*Mar,t-2*</sub> + *CPI*<sub>*Jun,t-2*</sub> + *CPI*<sub>*Sep,t-2*</sub> – 1
*CPI*<sub>*Dec,t-4*</sub> + *CPI*<sub>*Mar,t-3*</sub> + *CPI*<sub>*Jun,t-3*</sub> + *CPI*<sub>*Sep,t-3*</sub>where:
*CPI*<sub>*q,t*</sub> is the CPI for the quarter *q* of year *t*Dated at Wellington this 30th day of November 2010.
COMMERCE COMMISSION.
EXPLANATORY NOTE
On 30 November 2009, the Commission reset the default price-quality path for electricity distribution businesses as required by section 54K(1) of the Commerce Act 1986 (the "Act") by publishing Decision 685 – Commerce Act (Electricity Distribution Default Price-Quality Path) Determination 2010 (the "Initial Reset Determination").
The Initial Reset Determination sets out the default price-quality path that applies from 1 April 2010 to 31 March 2015 to all electricity distribution businesses except those that are "consumer-owned" as defined in section 54D of the Act. Electricity distribution businesses meeting the requirements of section 54D are exempt from default/customised price-quality regulation under section 54G(2) of the Act.
The Commerce Act (Electricity Distribution Default Price-Quality Path) Amendment Determination 2010 amends clause 8.4 of the Initial Reset Determination to specify a revenue differential term within the compliance assessment formulae. Further information, including a consolidated version of the Initial Reset Determination; the Commission’s reasons for the revenue differential term; and submissions received during consultation can be found on the Commission’s website at www.comcom.govt.nz/2010-2015-default-price-quality-path/
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
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ISSN 0111-5650 ISSN 1177-8415
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NZ Gazette 2010, No 161
✨ LLM interpretation of page content
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Electricity Distribution Default Price-Quality Path Amendment Determination 2010
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🏭 Trade, Customs & Industry30 November 2010
Commerce Act, Electricity Distribution, Price-Quality Path, Amendment
- Commerce Commission
🏭 Explanatory Note on Electricity Distribution Default Price-Quality Path Amendment
🏭 Trade, Customs & IndustryCommerce Act, Electricity Distribution, Price-Quality Path, Amendment, Explanatory Note