118AEMO's current pricing methodology to be VicGrid's pricing methodology

118 AEMO's current pricing methodology to be VicGrid's pricing methodology (1) On and after the commencement day, the approved amended AEMO pricing methodology is to be taken to— (a) apply to prices to be charged by VicGrid for prescribed common transmission services and prescribed TUOS services provided by VicGrid by means of, or in connection with, the declared shared network on and after the commencement day; and (b) is to be regarded as the VicGrid pricing methodology. (2) On and after the commencement day, every reference to AEMO in the approved amended AEMO pricing methodology is to be taken to be a reference to VicGrid unless the context otherwise requires. ***approved amended AEMO pricing methodology*** means the pricing methodology— (a) for the prices to be charged by AEMO for prescribed common transmission services and prescribed TUOS services provided by it from 1 July 2022; and (b) that was approved by the AER on 31 January 2023 for the purposes of the current AEMO transmission determination; ***current AEMO transmission determination*** means the transmission determination made by the AER on 29 April 2022 regulating, for the period commencing on 1 July 2022 and ending on 30 June 2027— (a) the revenues specified in the determination to be earned by AEMO in that period; and (b) the prices to be charged for prescribed common transmission services and AEMO in that period; ***prescribed common transmission services*** has the meaning given by Chapter 10 of the National Electricity Rules; ***prescribed TUOS services*** has the meaning given by Chapter 10 of the National Electricity Rules. Division 5—Miscellaneous S. 119 inserted by No. 38/2025 s. 57.