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- 2015–2020 Transpower individual price-quality path
2015–2020 Transpower individual price-quality path
This page was updated1 year ago
In November 2014 we set Transpower's individual price-quality path that applies new revenue limits and quality standards for the period April 2015 to March 2020.
This is the second regulatory period in which Transpower has had an individual price-quality path in place.
Transpower's revenue limits
We set new revenue limits for the 5 years of the regulatory period in the form of a forecast maximum allowable revenue, or ‘forecast MAR’. A key input into the forecast MAR figures for the period are the expenditure allowances we set in August 2014. Other forecast costs are used to calculate the forecast MAR figures at the start of the period; we update these revenue limits each year throughout the period to reflect the actual costs incurred by Transpower.
The forecast MAR is a significant component of Transpower’s total estimated revenue. Transpower’s total estimated revenue is derived from the forecast MAR along with the addition or subtraction of forecast voluntary revenue reductions that Transpower chooses to make, and additional 'pass-through and recoverable costs' that Transpower can't control or easily forecast.
Transpower uses total estimated revenue to set its pricing through the transmission pricing methodology (TPM). The TPM allocates how the revenue is collected from consumers and is overseen by the Electricity Authority.
Other features of Transpower's price-quality path
Other key features include:
- incentives for Transpower to outperform its forecasts, and share efficiency gains with consumers,
- quality standards and grid output measures that set out minimum quality of service expectations, and incentivise Transpower to efficiently maintain and invest in the grid where appropriate, and
- additional reporting requirements to track Transpower's performance.
Transpower's price-quality path will be reset in 2019 for the next 4 to 5 year period beginning 1 April 2020.
This view shows the latest stage in the project. Click on the circled dates to see details. Navigate to other months, or scroll down, to see all stages.
Note: these dates are indicative only and are subject to change.
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26 Nov 2018
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31 Oct 2018
Completed
2018 update to the forecast MAR
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08 Dec 2017
Completed
Amendments to asset health pilot reporting requirements
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10 Nov 2017
Completed
Submissions on consultation on amendments to asset health pilot reporting requirements
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03 Nov 2017
Completed
2017 update to the forecast MAR
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24 Oct 2017
Completed
Consultation on amendments to asset health pilot reporting requirements
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03 Nov 2016
Completed
Amendment to Transpower individual price-quality path 2015-2020
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17 Aug 2016
Completed
Submissions on draft amendment to Transpower's individual price-quality path determination – exemptions and modifications to information disclosure requirements
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18 Jul 2016
Completed
Draft amendment to Transpower’s individual price-quality path – exemptions and modifications to information disclosure requirements
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11 Nov 2015
Completed
2015 update to the forecast MAR
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28 Nov 2014
Completed
Final Transpower individual price-quality path determination
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28 Nov 2014
Completed
Transpower’s Price-Quality Path from 2015 to 2020
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27 Nov 2014
Completed
Information gathering notice issued to Transpower
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27 Nov 2014
Completed
Transpower’s response to information gathering notice
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02 Oct 2014
Completed
Submissions on legal drafting of revised draft determination
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12 Sep 2014
Completed
Final draft Transpower individual price-quality path determination
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29 Aug 2014
Completed
Final decision on individual price-quality path
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30 Jul 2014
Completed
Correspondence prior to decision on setting Transpower’s individual price-quality path
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18 Jul 2014
Completed
Cross-submissions on asset health grid output measures
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14 Jul 2014
Completed
Submissions on draft determination
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14 Jul 2014
Completed
Proposed drafting to give effect to RCP2 asset health grid output measures
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14 Jul 2014
Completed
Submissions on asset health grid output measures
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14 Jul 2014
Completed
Cross-submissions on draft decision
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03 Jul 2014
Completed
Draft decision on asset health grid output measures
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30 Jun 2014
Completed
Submissions on Transpower RCP2 draft decision
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16 May 2014
Completed
Draft decision on individual price-quality path
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03 May 2014
Completed
Draft Transpower Individual Price-Quality Path Determination
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11 Mar 2014
Completed
Cross-submissions on Transpower RCP2 process and issues paper
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04 Mar 2014
Completed
Submissions on Transpower RCP2 process and issues paper
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10 Feb 2014
Completed
Issues paper for setting Transpower's individual price-quality path from 2015-2020
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16 Dec 2013
Completed
Transpower's expenditure proposal for Regulatory Control Period 2015-2020
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15 Nov 2013
Completed
Process paper for setting Transpower’s individual price-quality path for 2015 to 2020
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04 Jul 2013
Completed
Information Requested from Transpower for Regulatory Control Period 2015-2020