Review of the regulatory framework
The Electricity Commission’s work on the TPM review was underpinned by a decision framework contained in the then Electricity Governance Rules 2003. The same frame work was transferred into the Electricity Industry Participation Code 2010 (Code)
Following the establishment of the Electricity Authority and the creation of is statutory objective, the decision framework was reconsidered.
On 14 February 2011, the Authority published a Code amendment consultation paper discussing the on-going relevance of the transmission pricing principles in the Code. As a result of this consultation, the transmission pricing principles were removed from the Code.