Queensland Consolidated Regulations

ENERGY (RENEWABLE TRANSFORMATION AND JOBS) REGULATION 2024 - SCHEDULE 1

SCHEDULE 1 – Application of National Electricity Rules—priority transmission investments

1 Provisions about RIT-T projects

Despite clause 5.10.2, definition
"RIT-T project" , a reference to a RIT-T project in Part D and schedules 5 .4A, 5.8, 5.9 and 5.13 does not, in relation to Powerlink, include a project that is a candidate priority transmission investment, eligible priority transmission investment or priority transmission investment.

2 Clause 6A.3.2 (Adjustment of maximum allowed revenue)

(1) The maximum allowed revenue mentioned in clause 6A.3.2 is, in relation to Powerlink, also subject to adjustment in accordance with sections 19 (2) (c) and 39 (3) (a) .

(2) If there is an inconsistency between clause 6A.3.2 and sections 19 (2) (c) and 39 (3) (a) , this regulation prevails to the extent of the inconsistency.

3 Clause 6A.6.6 (Forecast operating expenditure)

For clause 6A.6.6(a), the operating expenditure objectives for a revenue proposal of Powerlink—

(a) do not include the objective mentioned in clause 6A.6.6(a)(1); and

(b) include the following objectives—

(i) to meet or manage the expected demand nominated by Powerlink for prescribed transmission services over that period involving a priority transmission investment that Powerlink was directed to construct under section 27 (1) of the Act ;

(ii) to meet or manage the expected demand for prescribed transmission services not involving a priority transmission investment over that period.

4 Clause 6A.10.1 (Submission of proposal, pricing methodology and information)

(1) This section applies if all or part of Powerlink’s revenue proposal was made in accordance with a direction under part 4 about a priority transmission investment that Powerlink was directed to construct under section 27 (1) of the Act .

(2) For clause 6A.10.1(f), the revenue proposal must also include—

(a) a copy of the direction; and

(b) a description of the investment.

5 Schedule 6A.2 (Regulatory Asset Base)

For schedule 6A .2, clause S6A.2.2A(h), in making a determination mentioned in that clause, the AER must not have regard to any amount of capital expenditure on a priority transmission investment that Powerlink was directed to construct under section 27 (1) of the Act .