Western Australian Current Regulations Western Australian Current Regulations An Incentive Mechanism
may include (but is not limited to) the following:
(a)
specifying the Reference Tariff that will apply during each year of the Access
Arrangement Period based on forecasts of all relevant variables (and which may
assume that the Service Provider can achieve defined efficiency gains)
regardless of the realised values for those variables;
(b)
specifying a target for revenue from the sale of all Services provided by
means of the Covered Pipeline, and specifying that a certain proportion of any
revenue received in excess of that target shall be retained by the Service
Provider and that the remainder must be used to reduce the Tariffs for all
Services provided by means of the Covered Pipeline (or to provide a rebate to
Users of the Covered Pipeline); and
(c) a
rebate mechanism for Rebatable Services pursuant to section 8.40 that provides
for less than a full rebate of revenues from the Rebatable Services to the
Users of the Reference Service.