sec.329Price publication requirements of area retailers for FRC

sec.329 Price publication requirements of area retailers for FRC

Each area retailer must, before the following day, publish and give the Minister and QCA a list of the indicative prices that it proposes to charge its small customers under a standard retail contract for the provision of customer retail services on the FRC day— if, before 31 March 2007, a day is prescribed under a regulation—the prescribed day; otherwise—31 March 2007. Maximum penalty—500 penalty units. For subsection (1), the indicative prices are the prices that the retailer reasonably estimates that it will be charging the customers for the services, other than for the following anticipated charges that it will pass on to them— network use of system charges; network FRC charges passed on to the area retailer from distributors; charges from the GRMO. Each area retailer must, on the earlier of the following days, publish and give the Minister and QCA a list of its actual prices for the services— the day that is 20 days after the last of the charges mentioned in subsection (2) is fixed; the day that is 5 days before the FRC day. Maximum penalty—500 penalty units. A publication of actual prices under subsection (3) may be included in a publication of the area retailer’s standard terms under new section 206, as that section applies because of new section 330. In this section— network FRC charges means charges for costs incurred by distributors in implementing the amendments to this Act under the amendment Act that, under their approved access arrangements, may be passed on to customers. network use of system charges means charges by the relevant distributor for customer connection services and the transportation of processed natural gas. publish means publish on the area retailer’s website. s 329 sub 2006 No. 60 s 167 (sec.329-ssec.1) Each area retailer must, before the following day, publish and give the Minister and QCA a list of the indicative prices that it proposes to charge its small customers under a standard retail contract for the provision of customer retail services on the FRC day— if, before 31 March 2007, a day is prescribed under a regulation—the prescribed day; otherwise—31 March 2007. Maximum penalty—500 penalty units. (sec.329-ssec.2) For subsection (1), the indicative prices are the prices that the retailer reasonably estimates that it will be charging the customers for the services, other than for the following anticipated charges that it will pass on to them— network use of system charges; network FRC charges passed on to the area retailer from distributors; charges from the GRMO. (sec.329-ssec.3) Each area retailer must, on the earlier of the following days, publish and give the Minister and QCA a list of its actual prices for the services— the day that is 20 days after the last of the charges mentioned in subsection (2) is fixed; the day that is 5 days before the FRC day. Maximum penalty—500 penalty units. (sec.329-ssec.4) A publication of actual prices under subsection (3) may be included in a publication of the area retailer’s standard terms under new section 206, as that section applies because of new section 330. (sec.329-ssec.5) In this section— network FRC charges means charges for costs incurred by distributors in implementing the amendments to this Act under the amendment Act that, under their approved access arrangements, may be passed on to customers. network use of system charges means charges by the relevant distributor for customer connection services and the transportation of processed natural gas. publish means publish on the area retailer’s website.