Price regulation provisions
20A Price regulation provisions
A price direction must include a direction about the pricing of regulated services in the form of either or both of the following:
a price, a maximum price or both a minimum and maximum price for each regulated service;
a maximum total amount (revenue cap) that may be earned by a person providing regulated services from the provision of those services.
A price direction must be made in accordance with the current reset principles for the regulated industry (see section 20B).
A price direction may include any or all of the following:
a formula for calculating a price or amount mentioned in subsection (1);
a method by which a price or amount mentioned in subsection (1) is to be ascertained;
a reference to an event or events (price variation triggers) the happening of which would entitle the commission to initiate a reference for an investigation into a variation of the direction (under section 24F (Commission-initiated variation)).
Example for par (c)—method by reference to price indices
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