31Regulator to consider, before expiry of existing determination, whether to revoke declaration

31 Regulator to consider, before expiry of existing determination, whether to revoke declaration

(1)  Not later than 6 months before the expiry of a declared electrical service price determination in respect of a declared electrical service, the Regulator is to invite submissions in respect of whether the declaration of a declared electrical service to which the determination relates should be retained or revoked.

(2)  The invitation referred to in subregulation (1) is to –

(a) be in writing; and

(b) specify a reasonable period within which the submissions may be made.

(3)  The Regulator is to –

(a) give a copy of the invitation to –

(i) the Minister; and

(ii) the electricity entity or authorised retailer providing the declared electrical service to which the determination relates; and

(b) publish a copy of the invitation in such daily newspapers, or in such other manner, as the Regulator considers appropriate.

(4)  After the expiry of the period within which submissions may, under the invitation referred to in subregulation (1) , be made in relation to a declaration of a declared electrical service, and after considering any such submissions received, the Regulator is to determine whether to –

(a) retain the declaration; or

(b) revoke the declaration under section 40AD(4) of the Act.

(5)  If the Regulator determines under subregulation (4) to revoke under section 40AD(4) of the Act the declaration of a declared electrical service, the Regulator is to so revoke the declaration.

(6)  Regulation 27 does not apply to a revocation of a declaration of a declared electrical service in accordance with subregulation (5) .