36Declared electrical service price determinations

36 Declared electrical service price determinations

(1)  After completing the final report in respect of a pricing investigation in relation to a declared electrical service, the Regulator is to make under section 40AD(5) of the Act a determination (a declared electrical service price determination) in relation to the declared electrical service.

(2)  A declared electrical service price determination may be expressed in one or more of the following terms or manners:

(a) maximum prices or the maximum rate of increase or the minimum rate of decrease in maximum prices;

(b) average prices or average rates of increase or decrease in average prices;

(c) pricing policies or principles;

(d) by reference to a general price index, the cost of production, revenue, a rate of return on assets or any other factor;

(e) by reference to quantity, location or period of provision of the declared electrical service;

(f) by reference to a maximum revenue;

(g) any other terms that the Regulator considers appropriate.

(3)  A declared electrical service price determination that relates to a declared electrical service in relation to the Bass Strait Islands may consist of, or include, provisions regulating the conditions that may be included in a contract entered into, during the period specified in the determination in respect of the declared electrical service, by –

(a) an electricity entity or authorised retailer; and

(b) a customer at premises in the Bass Strait Islands.

(4)  A declared electrical service price determination is to specify the date on which the determination is to take effect and the date on which it expires.

(5)  A date specified in a declared electrical service price determination as the date on which the determination is to take effect may not be a date that occurs before the determination is made.

(6)  A declared electrical service price determination –