8Price-regulated retail services price determinations

8 Price-regulated retail services price determinations

(1)  After completing the final report in relation to a pricing investigation for the purposes of regulation 5 , the Regulator is to make a determination under section 40AA(1) of the Act (a price-regulated retail service price determination) in relation to the regulated offer retailer to which the investigation relates.

(2)  A price-regulated retail 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 services to small customers under standard retail contracts;

(f) by reference to a maximum revenue;

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

(3)  A price-regulated retail service price determination is to specify the date on which the determination takes effect and the date on which the determination expires.

(4)  A date specified in a price-regulated retail 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.

(5)  A price-regulated retail service price determination –

(a) is to allow for an adjustment to the prices that may be charged by, and to the price control mechanisms imposed on, a regulated offer retailer under the determination as a result of a tax event or a material change in circumstances in relation to the provision to small customers of services under standard retail contracts; and

(b) is to specify –