Electricity Supply Industry (Price Control) Amendment Regulations 2007

Electricity Supply Industry (Price Control) Amendment Regulations 2007

I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Electricity Supply Industry Act 1995 .

17 September 2007

W. J. E. COX

Governor

By His Excellency's Command,

MICHAEL AIRD

Treasurer

1.   Short title

These regulations may be cited as the Electricity Supply Industry (Price Control) Amendment Regulations 2007 .

2.   Commencement

These regulations take effect on the day on which their making is notified in the Gazette.

3.   Principal Regulations

In these regulations, the Electricity Supply Industry (Price Control) Regulations 2003 are referred to as the Principal Regulations.

4.    Regulation 3 amended (Interpretation)

Regulation 3 of the Principal Regulations is amended by inserting after the definition of provide the following definition:

regional reference node has the same meaning as in the National Electricity Rules;

5.    Regulation 32 amended (Principles to be given effect)

Regulation 32 of the Principal Regulations is amended by omitting subregulations (3) and (4) and substituting the following subregulation:

(3)  In making a declared electrical service price determination relating to a declared electrical service that is or includes a retail service provided by Aurora Energy for non-contestable customers on mainland Tasmania, the Regulator is to assume that the price that Aurora Energy pays for all of the electricity used for that retail service during a period is equal to the price specified in respect of that period in column 3 of Schedule 2 .

6.    Schedule 2 inserted

After Schedule 1 to the Principal Regulations , the following Schedule is inserted:

SCHEDULE 2 - Assumed Electricity Price

Column 1 – Item	Column 2 – Period	Column 3 – Price at the regional reference node for the Tasmanian region of the National Electricity Market (Dollars per megawatt hour)
1.	1 January 2008 to 30 June 2008	60
2.	1 July 2008 to 30 June 2009	62.5
3.	1 July 2009 to 30 June 2010	63

Displayed and numbered in accordance with the Rules Publication Act 1953.

Notified in the Gazette on 26 September 2007

These regulations are administered in the Department of Treasury and Finance.

EXPLANATORY NOTE

(This note is not part of the regulation)

These regulations amend the Electricity Supply Industry (Price Control) Regulations 2003 by –

(a) requiring the Regulator, in making a price determination relating to a retail service, to assume that Aurora Energy pays the price specified in the Electricity Supply Industry (Price Control) Regulations 2003 for all the electricity it uses for that retail service; and

(b) specifying that price.