apply the new approach with a first report in 2014. 8.5) Task the AEMC to develop a Delivery of the All jurisdictions By end 2013 SCER issued Terms resourcing AEMC’s consistent methodology for the advice on (through SCER) to of Reference for the capacity to develop AEMC’s determination of regulated retail prices, consistent retail price task AEMC and the AEMC to develop this new approach to including incorporating time varying setting methodology AEMC to report methodology on 9 competition of network tariffs and with May 2013. The reviews and deliver (‘time use’) particular regard to a methodology for AEMC is progressing advice on Individual determining the wholesale energy cost this review with its consistent retail jurisdictions to component. Jurisdictions will consider final advice due to price setting consider adoption of whether to apply this methodology once SCER by 30 methodology AEMC advice it is available for consideration. September 2013. (8.4 & 8.5) 8.6) Given the opportunity to transfer Jurisdictional reports All jurisdictions By end of 2013 Being progressed Advice from – retail price controls to the AER under on consideration of except VIC which through the transition jurisdictions on s14.12(b) of the AEMA, jurisdictions will application of AEMC deregulated prices plans to be transition to price explicitly consider whether to transfer approach in January 2009. developed by deregulation (8.2, responsibility for applying the jurisdictions. 8.3) and methodology developed in 8.5 to the completion of AER. Jurisdictions will report on their AEMC advice (8.5) decisions under recommendations 8.5 and 8.6 by the end of 2013 as part of No longer relevant their reports in 8.2. to SA due to deregulation of energy retail prices on 1 February 2013. Relevant to WA
apply the new approach with a first report in 2014. 8.5) Task the AEMC to develop a consistent methodology for the determination of regulated retail prices, including incorporating time varying (‘time of use’) network tariffs and with particular regard to a methodology for determining the wholesale energy cost component. Jurisdictions will consider whether to apply this methodology once it is available for consideration. Delivery of the AEMC’s advice on consistent retail price setting methodology All jurisdictions (through SCER) to task AEMC and the AEMC to report Individual jurisdictions to consider adoption of AEMC advice By end 2013 SCER issued Terms of Reference for the AEMC to develop this methodology on 9 May 2013. The AEMC is progressing this review with its final advice due to SCER by 30 September 2013. AEMC’s resourcing capacity to develop new approach to competition reviews and deliver advice on consistent retail price setting methodology (8.4 & 8.5) 8.6) Given the opportunity to transfer retail price controls to the AER under s14.12(b) of the AEMA, jurisdictions will explicitly consider whether to transfer responsibility for applying the methodology developed in 8.5 to the AER. Jurisdictions will report on their decisions under recommendations 8.5 and 8.6 by the end of 2013 as part of their reports in 8.2. Jurisdictional reports on consideration of application of AEMC approach All jurisdictions – except VIC which deregulated prices in January 2009. By end of 2013 Being progressed through the transition plans to be developed by jurisdictions. Advice from jurisdictions on transition to price deregulation (8.2, 8.3) and completion of AEMC advice (8.5) No longer relevant to SA due to deregulation of energy retail prices on 1 February 2013. Relevant to WA
Progress-Report-Mid-2013.docx