Standing charges: liability and amount
7 Standing charges: liability and amount
In this regulation —
class, of licence, means a class specified in the Table;
Table means the Table to subregulation (4);
units, in relation to a licence, means the type of units specified in the Table for licences of the class to which the licensee belongs.
For each quarter and for each licence in effect during any period in the quarter, a charge is payable in connection with the core function costs for the quarter.
The charge is payable by the licensee.
The amount of the charge is determined in accordance with the following formula —
where —
C is the amount of the core function costs for the quarter attributable to the performance by the Authority of its licensing functions under the Act under which the licence is held;
P is the percentage specified in the Table for licences of the class to which the licence belongs;
UL is the number of units reported to the Authority under the licence in respect of the financial year immediately preceding the quarter;
UT is the total number of units reported to the Authority, under all licences of the class to which the licence belongs, in respect of the financial year immediately preceding the quarter.
Table
Class of licence | Percentage | Units |
|---|---|---|
electricity distribution licence | 25% | kilometres of distribution line |
electricity generation licence | 25% | megawatts of generation capacity |
electricity retail licence | 25% | customers |
electricity transmission licence | 25% | kilometres of transmission line |
gas distribution licence | 50% | kilometres of gas distribution pipeline |
gas trading licence | 50% | customers |
water services licence | 100% | customers |
If the licensee did not hold the licence for the whole of the quarter, the charge is reduced by the proportion of the quarter during which the licensee did not hold the licence.
If —
the licence was granted, or ceased to have effect, during the quarter; and
the charge payable for the licence is reduced under subregulation (5),
the amount of the charge payable for the quarter by each licensee, for a relevant licence held for the whole of the quarter, is increased by the amount worked out by applying subregulation (4) as if the reference to core function costs were a reference to the amount by which the charge referred to in paragraph (b) is reduced.
In subregulation (6) —
relevant licence means a licence held under the Act under which the licence referred to in subregulation (6)(a) is held.
If the licence was granted after the end of the financial year immediately preceding the quarter, the number of units to be used for the purposes of the variables UL and UT in subregulation (4) is the number specified in the licence.
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