Queensland Consolidated Regulations

ENERGY (RENEWABLE TRANSFORMATION AND JOBS) REGULATION 2024 - REG 36

36 Obligations of AER for other regulatory control periods

(1) This section applies if Powerlink applies to the AER under a regulatory asset base allocation direction in relation to a regulatory control period (a
"primary period" ), other than a regulatory control period mentioned in section 35 (1) .

(2) The AER must adjust the value of Powerlink’s regulatory asset base at the beginning of each regulatory year in the regulatory control period (the
"secondary period" ) immediately following the primary period to include the lesser of the following amounts—

(a) the total of the directed forecast capital expenditure mentioned in section 34 (2) (a) or part of that expenditure for the priority investment stated in the application to be included in Powerlink’s regulatory asset base for the secondary period;

(b) the total actual capital expenditure incurred or, if that amount is not known, the capital expenditure estimated to have been incurred, for the priority transmission investment as at the end of the primary period.

(3) The adjustment of the value of Powerlink’s regulatory asset base for a regulatory year under subsection (2) —

(a) must be calculated under the roll forward model in the same way as the value of other assets used to provide prescribed transmission services are rolled forward for the regulatory year; and

(b) must have regard to the requirements of any regulatory information instrument for a regulatory control period applying to Powerlink; and

(c) must have regard to the value or values applied for under section 34 (2) (c) in calculating depreciation of the value of the assets included in the regulatory asset base under the National Electricity Rules, clause 6A.6.3(a)(2)(i).