EMC: Final rule on application of revised rate of return guidelines for TasNetworks
The AEMC has made a final rule determination that amends the timing of the application of the Australian Energy Regulator’s revised Rate of Return Guidelines to TasNetworks’ distribution business.
The final rule will result in the current, rather than the revised, Rate of Return Guidelines applying to TasNetworks’ revenue proposals in its regulatory control period starting 1 July 2019 for both its transmission and distribution businesses.
The AEMC has stated that by basing its revenue proposals on one rather than two Rate of Return Guidelines, the final rule will reduce costs and uncertainty for TasNetworks in preparing and making its proposals. This change may also make it easier and provide a more streamlined assessment process for stakeholders and the Australian Energy Regulator.