Loss factors
20 Loss factors
In this regulation —
Prices and Charges Paper means a document prepared by the Regional Power Corporation containing details of pricing methods referred to in clause 6(3)(c) of Schedule 5 to the Act.
In the case of the electricity transmission network operated by the Electricity Networks Corporation, the loss factor for a particular connection or a connection of a particular class, is the loss factor (as defined in the rules made under the Electricity Industry Act 2004 Part 9) for that connection or class.
In the case of any electricity transmission network operated by the Regional Power Corporation, the loss factor for a particular connection or a connection of a particular class is the factor for that connection or class specified in the most recent Prices and Charges Paper.
If an exempt connection is commissioned and is not specified or of a class specified in the most recent Prices and Charges Paper, then the loss factor for the exempt connection is equal to the loss factor for the connection located electrically closest to the exempt connection.
The Regional Power Corporation may amend the Prices and Charges Paper —
to change a loss factor or to include a new loss factor; or
to change the description of a class of connections, or to include a new class of connections, for loss factors.
An amendment of a kind described in subregulation (4) must not be made more than once in any financial year.
Before the Regional Power Corporation —
makes an amendment of a kind described in subregulation (4); or
changes the methodology used to calculate loss factors specified in the Prices and Charges Paper,
it must provide details of the proposed amendment or change to the Coordinator and take into consideration any recommendations made by the Coordinator as to the amendment or change.
The Regional Power Corporation must review annually the loss factors specified in the Prices and Charges Paper.
[Regulation 20 inserted: Gazette 29 Oct 2002 p. 5343-4; amended: Gazette 24 Jun 2005 p. 2753; 31 Mar 2006 p. 1333 and 1338-9; 25 Aug 2006 p. 3498‑9; SL 2025/37 r. 22.]
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