Reports on the WAC deals with what the Commission considers are a range of crucial issues in determining the charge and has also looked at the role that the charge might play in moderating demand for a scarce but essential resource.
Full Retail Contestability in electricity came into effect in the ACT on 1 July 2003. Full Retail Contestability, or FRC, simply refers to the freedom to choose your electricity retailer. This means you are able to buy your electricity from your existing retailer (ActewAGL Retail in most cases) or another electricity retailer. With FRC, the freedom to choose where to buy your electricity is available to all electricity consumers in the ACT.
Electricity network prices are determined for the ACT under the National Electricity Code (the Code). Part E of the Code specifies the methodology to be adopted in converting the revenue calculated in accordance with Part D of the Code into actual prices. Part E also provides for the jurisdictional regulator, the Independent Competition and Regulatory Commission in the ACT, to develop and implement an alternative pricing methodology.
The Commission has concerns with both the administrative complexity and outcomes of applying Part E of the Code.
The purpose of this paper is to highlight the Commission's concerns with the methodology outlined in the Code. Responses to this paper will assist the ICRC in finalising its position on this important matter.
Inquiry to determine ACT Taxi Fares for the period 2002-2004; and Review into the future direction of the ACT Taxi and Hire Car Industry
Due to the closely related nature of the two inquiries, work was combined for both inquiries at the draft report stage. The Commission released the final report for both inquiries on 12 June 2002.
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