Western Australian Current Acts Western Australian Current Acts (1) The Treasurer, at
such intervals of time as are prescribed, must determine whether there is a
disparity between —
(a) the
efficient cost of supply of electricity to persons in areas outside of the
South West interconnected system; and
(b) the
revenues available to the Regional Power Corporation from supplying
electricity to persons in areas outside of the South West interconnected
system at the regulated retail tariffs.
(2) If the Treasurer
determines that a disparity exists, the Treasurer must determine, by notice
published in the Gazette , the tariff equalisation contribution that is
payable by the Electricity Networks Corporation for the purpose of this Part
in respect of a period specified in the determination.
(3) In making a
determination for the purposes of subsection (2) the Treasurer must have
regard to —
(a) the
amount required to compensate the Regional Power Corporation for the
disparity; and
(b) the
extent to which the amount paid to the Regional Power Corporation under
section 129G(1) in respect of a previous period was greater or less than the
disparity between —
(i)
the cost referred to in subsection (1)(a); and
(ii)
the revenues referred to in subsection (1)(b),
in respect of that
previous period; and
(c) the
moneys standing to the credit of the Tariff Equalisation Account; and
(d) any
service standards to be observed by the Regional Power Corporation; and
(e) any
other prescribed matters.
(4) In subsection
(3)(d) —
service standards means standards referred to in
section 39(2)(d) that are provided for in a code prepared and issued under
section 39.
(5) The Treasurer must
consult with the Minister before making a determination under this section.
[Section 129D inserted: No. 18 of 2005 s. 139;
amended: No. 77 of 2006 Sch. 1 cl. 54(4).]