16 Apr 2012 Electricity
On 13 February 2012, the Commission received an application from AGL SA to re-open the Price Determination to adjust the tolerance band as a result of the introduction of a carbon price. The proposed adjustment to the tolerance band is intended to accommodate any impacts of the carbon pricing mechanism on market contract prices.
The Commission has issued a Statement of Regulatory Intent, which sets out the Commission’s position that special circumstances exists. This enables the Commission, through a subsequent regulatory process, to vary the terms of the current Electricity Standing Contract Price Determination if it determines this is necessary.
2012 AGL Application for Special Circumstances Review