Better Regulation Update – November 2013 guideline for network service providers on 6 November, and our final Recap October & November confidentiality guideline on 19 November. We will publish the final Rate of return: held stakeholder expenditure assessment, expenditure incentives and shared assets forum and published issues paper guidelines on 29 November. We expect to publish the final rate of return on equity beta for consultation. guideline in mid-December. The impact of our guidelines is the subject of Consumer reference group: held CRG meeting on 17 October. this month’s spotlight. Consumer engagement: published final 6 November. We will be publishing two more documents to round out the Better Confidentiality: published final Regulation program. The first will be a report on the consumer reference guideline 19 November. group. It will feature our summary of how the group worked and assessment Upcoming of how effective it was. The second will be the last in our series of policy November & December notes which explain the reform package as a whole. It will follow on from Rate of return: publish final Better Regulation: an integrated package and the Better Regulation: reform guideline in mid-December. Shared assets: publish final package update. These documents will all be available on our website. guideline on 29 November. Spotlight: Applying Better Regulation Expenditure assessments: publish final guideline on 29 November. The Better Regulation guidelines will apply to network businesses at their Expenditure incentives: publish next determination. Network prices will first begin to be affected by our new final guideline on 29 November. approach in NSW and the ACT. Determinations for these businesses will commence in early 2014 and be finalised in 2015. Following NSW and the This is our final newsletter ACT, we will implement the Better Regulation reforms in Queensland, SA update for the Better and then Victoria. All energy networks will be subject to the new approach Regulation program. We by 2018. would like to thank all stakeholders for their active Some of our reforms are already having an effect before our next involvement in the large determinations. We are already collecting data from network businesses to amount of work done this year support our new forecasting and benchmarking techniques. For the majority on reforming network of businesses from next year onwards any capital investments they make regulation. will be subject to our ex post review process. We published our final consumer engagement
Better Regulation Update – November 2013 Recap October & November Rate of return: held stakeholder forum and published issues paper on equity beta for consultation. Consumer reference group: held CRG meeting on 17 October. Consumer engagement: published final 6 November. Confidentiality: published final guideline 19 November. Upcoming November & December Rate of return: publish final guideline in mid-December. Shared assets: publish final guideline on 29 November. Expenditure assessments: publish final guideline on 29 November. Expenditure incentives: publish final guideline on 29 November. This is our final newsletter update for the Better Regulation program. We would like to thank all stakeholders for their active involvement in the large amount of work done this year on reforming network regulation. We published our final consumer engagement guideline for network service providers on 6 November, and our final confidentiality guideline on 19 November. We will publish the final expenditure assessment, expenditure incentives and shared assets guidelines on 29 November. We expect to publish the final rate of return guideline in mid-December. The impact of our guidelines is the subject of this month’s spotlight. We will be publishing two more documents to round out the Better Regulation program. The first will be a report on the consumer reference group. It will feature our summary of how the group worked and assessment of how effective it was. The second will be the last in our series of policy notes which explain the reform package as a whole. It will follow on from Better Regulation: an integrated package and the Better Regulation: reform package update. These documents will all be available on our website. Spotlight: Applying Better Regulation The Better Regulation guidelines will apply to network businesses at their next determination. Network prices will first begin to be affected by our new approach in NSW and the ACT. Determinations for these businesses will commence in early 2014 and be finalised in 2015. Following NSW and the ACT, we will implement the Better Regulation reforms in Queensland, SA and then Victoria. All energy networks will be subject to the new approach by 2018. Some of our reforms are already having an effect before our next determinations. We are already collecting data from network businesses to support our new forecasting and benchmarking techniques. For the majority of businesses from next year onwards any capital investments they make will be subject to our ex post review process.
AER%20Better%20Regulation%20Update%20%E2%80%93%20November%202013.DOCX