Northern Territory Consolidated Regulations

NATIONAL ELECTRICITY (NORTHERN TERRITORY) (NATIONAL UNIFORM LEGISLATION) (MODIFICATION) REGULATIONS 2016 - REG 6A

In relation to a pass through event that is a NT transitional regulatory change event prescribed by regulation 10A, the operation of clause 6.6.1 of the National Electricity (NT) Rules is modified as follows:

        (a)     the reference in clause 6.6.1(c) to "within 90 business days of the relevant positive change event occurring" must be regarded as a reference to "within 90 business days of the commencement of the 1st regulatory control period ";

        (b)     the reference in clause 6.6.1(c)(5), (d)(2) and (e)(2) to "in the regulatory year in which, and each regulatory year after that in which, the positive change event occurred" must be regarded as a reference to "in each regulatory year of the 1st regulatory control period ";

        (c)     the text in clause 6.6.1(f)(3)(i) and (ii) must be regarded as a reference to "the end of the 1st regulatory control period ";

        (d)     the reference in clause 6.6.1(f)(5) and (g)(2)(ii) to "in the regulatory year in which, and each regulatory year after that in which, the negative change event occurred" must be regarded as a reference to "in each regulatory year of the 1st regulatory control period ";

        (e)     the text in clause 6.6.1(j)(2)(i) and (ii) and (2A)(i) and (ii) must be regarded as a reference to "the end of the 1st regulatory control period ";

        (f)     the reference in clause 6.6.1(j)(4) to " regulatory control period in which the pass through event occurred" must be regarded as a reference to " 1st regulatory control period ";

        (g)     the reference in clause 6.6.1(j)(7) to " regulatory control period in which the pass through event occurred or will be factored into the calculation of the Distribution Network Service Provider's annual revenue requirement for a subsequent regulatory control period " must be regarded as a reference to " 1st regulatory control period ";

        (h)     all references in clause 6.6.1 to " required pass through amount " must be regarded as references to "the costs of providing distribution services or transmission services that are direct control network services (as opposed to the revenue impact) that, as a result of the negative change event , the Network Service Provider has saved, and is likely to save, until the end of the 1st regulatory control period ".