Energy (Infrastructure Facilitation) Regulation 2024

The purpose of this part is to prescribe financial matters associated with priority transmission investments under section 28 of the Act.

Division 2, subdivision 2 makes provision for a primary PTI allowance direction if the anticipated start date for the priority transmission investment occurs during a regulatory control period that has already started, to ensure the following revenue determinations account for the investment—

the existing revenue determination for the regulatory control period;

if required, the revenue determinations for the 2 regulatory control periods immediately following the period mentioned in paragraph (a).

Division 2, subdivision 3 makes provision for a primary PTI allowance direction if the anticipated start date for the priority transmission investment occurs during the regulatory control period starting immediately after the regulatory control period during which the direction is given, to ensure the following revenue determinations account for the investment—

the revenue determination for the regulatory control period during which the anticipated start date occurs;

if required, the revenue determination for the regulatory control period immediately following the period mentioned in paragraph (a).

Divisions 3 and 4 provide for the giving of a regulatory asset base allocation direction or material change PTI direction for adjusting, or further adjusting, Powerlink’s regulatory asset base to account for a priority transmission investment when making or amending a revenue determination.

Also, this part provides, under section 28(1)(d) of the Act, for the actions the AER must take in relation to Powerlink’s revenue determination or regulatory asset base if Powerlink acts under a requirement or direction mentioned in that provision.