Energy (Infrastructure Facilitation) Regulation 2024

This section applies if Powerlink makes an application in accordance with the primary PTI allowance direction mentioned in section 18.

As soon as practicable after receiving the application, the AER must amend Powerlink’s revenue determination for the first period by—

adjusting Powerlink’s forecast capital expenditure to accommodate the forecast total capital expenditure for the priority transmission investment for each remaining regulatory year of the first period stated in the application; and

adjusting Powerlink’s forecast operating expenditure to accommodate the total incremental operating expenditure for the priority transmission investment stated in the application; and

adjusting the following for each remaining regulatory year of the first period to reflect the effect of the increase in Powerlink’s forecast operating expenditure, including any necessary consequential adjustment to Powerlink’s annual building block revenue requirement for each remaining regulatory year—

Powerlink’s maximum allowed revenue;

the X factor; and

adjusting the values to be attributed to the capital expenditure sharing scheme and efficiency benefit sharing scheme to reflect the increase in Powerlink’s forecast capital expenditure and forecast operating expenditure.

An amendment of Powerlink’s revenue determination under subsection (2) takes effect at the beginning of the regulatory year starting immediately after the regulatory year during which the amendment is made.

In the National Electricity Rules, a reference to a revenue determination includes a reference to Powerlink’s revenue determination as amended under subsection (2).

For the capital expenditure sharing scheme mentioned in subsection (2)(d), the actual capital expenditure for the provision of prescribed transmission services for the first period is taken to include Powerlink’s actual capital expenditure relating to the priority transmission investment.