On 1 August 2017, the AEMC published a final rule determination and final rule that allows ActewAGL to recover any changes in revenue in the current regulatory control period (2014-19) over the current and subsequent regulatory period. The need for this rule is a result of the outcome of the judicial review proceedings where the Australian Energy Regulator (AER) is required to remake the 2015 distribution determination.
The rule will benefit consumers through minimising price volatility that may occur as a result of the judicial review proceedings. The rule will also allow ActewAGL an opportunity to recover all the revenues it is entitled to for the current regulatory control period in the subsequent regulatory control period (if it is unable to do so in the current period). While the rule is a more preferable rule, it incorporates elements proposed in the rule change request and is designed to achieve the same outcome of minimising price volatility for ActewAGL’s customers.
On 26 April 2017, the AEMC published a draft rule determination on the rule change request for consultation.
The AEMC commenced consultation on the rule change request on 17 November 2016. On 9 February 2017 the Commission extended the period of time to make a draft determination on the rule change request to 27 April 2017, under section 107 of the National Electricity Law. The Commission considered the extension to be necessary, in order to provide additional consultation with the proponents and relevant stakeholders on the complex implementation issues related to the participant derogation.
The rule change request was submitted to the AEMC on 23 September 2016.
The AEMC has also published a final rule determination in response to a similar rule change request (link to ERC0210 webpage here) submitted by the NSW DNSPs. The NSW DNSPs request has sought to address a similar issue that may affect their customers in New South Wales.View less