2EMeaning of regulatory payment

2E Meaning of regulatory payment

2E Meaning of regulatory payment

A regulatory payment is a sum that a regulated network service provider has been required or allowed to pay to a network service user or an end user for a breach of, as the case requires—

(a) a distribution reliability standard or transmission reliability standard; or

(b) a distribution service standard or transmission service standard,

because it was efficient for the regulated network service provider (in terms of the provider’s overall business) to pay that sum.

Note—

See also section 7A(2)(b).

s 2E: Ins 2007 N 53, sec 6.