✨ Commerce Act Amendment
1 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 167 4649
Quality Incentive Mechanism
| Parameter | Loss of Supply Event Frequency | Availability | Total Impact of Interruptions |
|---|---|---|---|
| Number of events >0.05 system minutes | Number of events >1.0 system minute | HVAC circuit unavailability (unplanned) % | |
| Quality measure target | 21 | 3 | 0.054 |
| Quality measure cap (on rewards for improved performance) | 10 | 1 | 0.029 |
| Quality measure collar (on penalties for poor performance) | 31 | 5 | 0.083 |
| Weighting (impact on revenue) | 25% | 25% | 25% |
(8) Schedule C (Independent Assurance Report – Annual Compliance) is amended in paragraphs (1) through (3), inclusive, of the Opinion section by omitting "with modifications as necessary for the Transition Year requirements and reference, if applicable, to relevant information for the Remainder Period".
(9) Schedule F (Forecast MAR Summary) is amended:
(a) by replacing the Initial forecast MAR for 31 March 2013 (Year 2) (remainder period) with "$783.8 million";
(b) by replacing the Initial forecast MAR for 31 March 2014 (Year 3) (remainder period) with "$906.4 million";
(c) by replacing the Initial forecast MAR for 31 March 2015 (Year 4) (remainder period) with "$958.9 million";
(d) by replacing the Total forecast MAR for 31 March 2013 (Year 2) (remainder period) with "$783.8 million";
(e) by replacing the Initial forecast MAR for 31 March 2014 (Year 3) (remainder period) with "$906.4 million+D";
(f) by replacing the Initial forecast MAR for 31 March 2015 (Year 4) (remainder period) with "$958.9 million+E+F"; and
(g) by omitting "-subject to future determination" from the Status for 31 March 2013 (Year 2) (remainder period).
(10) Schedule G (Explanatory Note) is amended by omitting the second paragraph and substituting:
"In respect of the price path, the Determination sets out Transpower’s maximum allowable revenue (which is the forecast maximum allowable revenue) for each year in the regulatory period from 1 April 2011 – 31 March 2015."
Dated at Wellington this 1st day of November 2011.
COMMERCE COMMISSION.
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NZ Gazette 2011, No 167
✨ LLM interpretation of page content
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Commerce Act (Transpower Individual Price-Quality Path) Amendment Determination (No.1) 2011
(continued from previous page)
🏭 Trade, Customs & Industry1 November 2011
Commerce Act, Transpower, Price-Quality Path, Amendment, Determination, Operating Expenditure, Minor Capital Expenditure, Disclosure Year
- Commerce Commission