Economic Regulation Authority (Licensing Funding) Regulations 2014

A licensee is liable to pay an annual licence charge, for each licence held by the licensee, in connection with the performance of the Authority’s licensing functions under the Act under which the licence is held.

The annual licence charge for a licence is —

for an electricity distribution licence — $2 732;

for an electricity generation licence — $2 406;

for an electricity retail licence — $3 416;

for an electricity transmission licence — $2 406;

for a gas distribution licence — $2 778;

for a gas trading licence — $3 105;

for a water services licence — $2 885.

The annual licence charge is payable to the Authority —

within one month after the day on which the licence was granted; and

within one month after each anniversary of that day.

If a licensee does not pay an annual licence charge in full within the allowed period, interest on any outstanding amount is payable to the Authority at the prescribed rate calculated daily.