40ACMaking of first determinations under section 40AA in relation to regulated offer retailers

40AC Making of first determinations under section 40AA in relation to regulated offer retailers

[Section 40AC Inserted by No. 5 of 2013, s. 12, Applied:01 Jun 2013]

(1)  The regulations may provide that –

(a) the Minister is to make a submission to the Regulator in relation to each of the first determinations, in relation to each of the regulated offer retailers, to be made by the Regulator under section 40AA ; and

(b) the submission may be made in relation to an authorised retailer as if the retailer were a regulated offer retailer; and

(c) the submission is to specify the structure and methodology to be applied in the determination; and

(d) the submission may specify the cost to serve for the purposes of section 40AB ; and

(e) the submission is to specify the period for which the determination is to remain in force; and

(f) the submission may specify that the Regulator is only to approve under section 41 draft standing offer prices to be fixed by a regulated offer retailer under section 40 in accordance with the determination, if the prices are in accordance with a pricing structure specified in the determination; and

(g) the submission may specify a pricing structure that is to be included, for the purposes of paragraph (f) , in the determination.

(2)  If –

(a) the regulations specify that the Minister is to make a submission to the Regulator in relation to each of the first determinations, in relation to each of the regulated offer retailers, to be made by the Regulator under section 40AA ; and

(b) a matter referred to in subsection (1)(c) , (d) , (e) , (f) or (g) is specified in the submission –

the determination is to be in accordance with the matter so specified.