icon-electricity Amendments to Guideline No 1 - financial reporting

  • Project Released: 14 Jun 2006
  • Project Closes: 03 Jul 2006
  • Contact: Adam Wilson

Overview

Electricity industry guideline No 1: Electricity regulatory information requirements - distribution: is an industry guideline made by the Commission under section 8 of the Essential Services Commission Act.

The guideline requires ETSA Utilities to report to the Commission on its performance (quarterly and annual) against the service standards imposed on it under the electricity distribution code, as well as on its financial performance as assessed against the requirements of the 2005 to 2010 electricity distribution price cetermination.

Status

Current status is Final

  • Final

Final

A review of the operational performance reporting requirements of the guideline was completed earlier in 2005, but this latest version of the guideline also incorporates some additional changes to the operational performance aspects of the guideline.

The guideline's financial reporting requirements have been reviewed and updated to ensure that they support the administration of the EDPD throughout its five-year term, and that they provide relevant information for use by the relevant regulator at the time of ETSA Utilities' next price review. The Commission also took the opportunity to update the presentation of the document in the review process.

The guideline applies to the 2005-2006 regulatory year and subsequent regulatory years.