To allow consumers to receive the benefit of the new rules the AEMC made transitional rules under chapter 11 of the NER. The NER provide that we will: make a preliminary determination for the 2015−20 regulatory control period by 30 April 2015 use the preliminary determination as a basis for approving prices for 1 July 2015 to 30 June 2016 it will also set out how we will apply a revenue adjustment that will 'true up' Energex's revenue over the regulatory control period to account for any difference between the preliminary determination and the final decision affecting its revenue for the 2015−16 regulatory year. The true-up will be calculated using forecasts as actual data for 2014−15 that will not be available when the final decision is published in October 2015.
To allow consumers to receive the benefit of the new rules the AEMC made transitional rules under chapter 11 of the NER. The NER provide that we will: make a preliminary determination for the 2015−20 regulatory control period by 30 April 2015 use the preliminary determination as a basis for approving prices for 1 July 2015 to 30 June 2016 it will also set out how we will apply a revenue adjustment that will 'true up' Energex's revenue over the regulatory control period to account for any difference between the preliminary determination and the final decision affecting its revenue for the 2015−16 regulatory year. The true-up will be calculated using forecasts as actual data for 2014−15 that will not be available when the final decision is published in October 2015.
AER%20-%20Preliminary%20decision%20Energex%20distribution%20determination%20-%20Overview%20-%20April%202015.DOCX