Part 4Matters prescribed for National Electricity (NT) Rules

Part 4 Matters prescribed for National Electricity (NT) Rules Regulations 2016 4 (b) amounts that the Distribution Network Service Provider is likely to receive on a winding-up of the retailer; and (c) any costs that are recoverable on account of the retailer insolvency under any retailer of last resort scheme established under the applicable regulatory instruments. (4) The amount the AER determines, under clause 6.6.1 of the National Electricity (NT) Rules, should be passed through to Distribution Network Users in respect of the positive change event must be taken to be a cost that can be passed through and not a revenue impact of the event. 8 Further modifications to operation of Rules Schedule 2 has effect. 9 Further modifications to operation of Rules commencing on Schedule 3 has effect. 9A Further modifications to operation of Rules commencing on Schedule 4 has effect. Part 4 Matters prescribed for National Electricity (NT) Rules 10 Local event (1) For clause 6.6.1(a1)(1AA) of the National Electricity (NT) Rules, a local event is either of the following: (a) the failure of a retailer during a regulatory control period, to pay a Distribution Network Service Provider an amount to which the provider is entitled for the provision of direct control services, if: (i) an insolvency official has been appointed in respect of that retailer; and (ii) the provider is not entitled to payment of that amount in full under the terms of any local support in respect of that retailer;

Regulations 2016 5 (b) a circumstance in which the Power and Water Corporation is required to pay any amount under a cost recovery scheme determined by the Utilities Commission under section 44G of the Electricity Reform Act 2000. (2) In this regulation: 2014 NT Network Price Determination, see the National Electricity (NT) Rules, Chapter 10. local support means credit support as defined in the 2014 NT Network Price Determination, Part B, Schedule 1, clause 1.1. (3) An expression used in subregulation (1) that is italicised has the same meaning as it has in the National Electricity (NT) Rules.