16Manner in which AER performs AER economic regulatory functions or powers

16 Manner in which AER performs AER economic regulatory functions or powers

16 Manner in which AER performs AER economic regulatory functions or powers

(1) The AER must, in performing or exercising an AER economic regulatory function or power—

(a) perform or exercise that function or power in a manner that will or is likely to contribute to the achievement of the national electricity objective; and

(b) if the function or power performed or exercised by the AER relates to the making of a distribution determination or transmission determination, ensure that—

(i) the regulated network service provider to whom the determination will apply; and

(ii) any affected Registered participant; and

(iii) if AEMO is affected by the determination—AEMO; and

(iv) network service users or prospective network service users of the relevant services that the AER considers have an interest in the determination; and

(v) any user or consumer associations or user or consumer interest groups that the AER considers have an interest in the determination,

are, in accordance with the Rules—

(vi) informed of material issues under consideration by the AER; and

(vii) given a reasonable opportunity to make submissions in respect of the determination before it is made; and

(c) in relation to making a relevant regulatory decision, specify—

(i) the manner in which the constituent components of the decision relate to each other; and

(ii) the manner in which that interrelationship has been taken into account in the making of the relevant regulatory decision; and

(d) (Repealed)

(2) In addition, the AER—

(a) must take into account the revenue and pricing principles—

(i) when exercising a discretion in making those parts of a distribution determination or transmission determination relating to direct control network services; or

(ii) when making an access determination relating to a rate or charge for an electricity network service; and