Compliance Compliance with the terms of reference Compliance with the terms of reference Clause Requirement Chapter Comments 2 The price direction will be for the period of 2, 4 The proposed direction applies 1 July 2017 to 30 June 2020. for a 3 year period and provides for annual price recalibrations. The Price direction must make provision for annual recalibrations to be undertaken by 30 June 2018 and 30 June 2019. 3.1a The Commission must consider the direct impact on electricity costs of government policies and pass through of costs and savings to regulated prices including but not limited to: i The ACT retailer obligations under the 2, 3 The prudent and efficient costs of the Energy Efficiency Improvement Scheme. Act Government’s EEIS are included in the cost build-up. ii the Commonwealth Government’s 2, 3 LRET and SRES costs are included Renewable Energy Target and in the cost build-up. Renewable Energy Scheme iii any other schemes implemented to address N/A climate change relevant to electricity pricing 3.1b The Commission must consider the efficient 2, 3 The energy purchase cost and prudent cost of managing risk in the cost incorporates a hedging strategy. of purchasing electricity for the period of the price direction. 3.2 The Commission must identify and report on 2, 3 The costs of the ACT Government’s the efficient of complying with the EEIS scheme are identified, Energy Efficiency (Cost of Living) assessed for prudence and efficiency Improvement Act 2012 for the period that the and reported. determination is being made. 3.3 The Commission must identify and report on 2, 3 The of the ACT feed-in tariffs will the cost allowance of the ACT feed-in tariffs be identified and reported in the final (small and large scale) for the period that the report. determination is being made. 3.4 The Commission must produce its report This clause relates to the final report. within the period of 1 January 2017 to 7 June 2017, to provide sufficient time to allow ActewAGL Retail to make any necessary changes to its billing system and to provide information on the new tariff to customers for implementation effective 1 July 2017.
Compliance Compliance with the terms of reference Compliance with the terms of reference Clause Requirement Chapter Comments 2 The price direction will be for the period of 1 July 2017 to 30 June 2020. The Price direction must make provision for annual recalibrations to be undertaken by 30 June 2018 and 30 June 2019. 2, 4 The proposed direction applies for a 3 year period and provides for annual price recalibrations. 3.1a The Commission must consider the direct impact on electricity costs of government policies and pass through of costs and savings to regulated prices including but not limited to: i The ACT retailer obligations under the Energy Efficiency Improvement Scheme. 2, 3 The prudent and efficient costs of the Act Government’s EEIS are included in the cost build-up. ii the Commonwealth Government’s Renewable Energy Target and Renewable Energy Scheme 2, 3 LRET and SRES costs are included in the cost build-up. iii any other schemes implemented to address climate change relevant to electricity pricing N/A 3.1b The Commission must consider the efficient and prudent cost of managing risk in the cost of purchasing electricity for the period of the price direction. 2, 3 The energy purchase cost incorporates a hedging strategy. 3.2 The Commission must identify and report on the efficient of complying with the Energy Efficiency (Cost of Living) Improvement Act 2012 for the period that the determination is being made. 2, 3 The costs of the ACT Government’s EEIS scheme are identified, assessed for prudence and efficiency and reported. 3.3 The Commission must identify and report on the cost allowance of the ACT feed-in tariffs (small and large scale) for the period that the determination is being made. 2, 3 The of the ACT feed-in tariffs will be identified and reported in the final report. 3.4 The Commission must produce its report within the period of 1 January 2017 to 7 June 2017, to provide sufficient time to allow ActewAGL Retail to make any necessary changes to its billing system and to provide information on the new tariff to customers for implementation effective 1 July 2017. This clause relates to the final report.
Retail-Electricity-Proposed-Price-Direction-2017-20-FINAL-1.docx