The Commission is proposing to make minor updates to the current utility licences. The update will remove provisions relating to technical regulations that are now covered under the Utilities (Technical Regulation) Act 2014 (UTR Act) from the utility licence and reduce regulatory duplication and reporting burden on licensed utilities. The update will also improve the clarity of the licence conditions. The update will ensure that licence conditions are accurate, current and reflect the Commission’s legislative objectives.
Review of the Retail Electricity Form of Price Control
The Commission is reviewing how it calculates the weighted average cost of capital (WACC). The purpose of the Review is to ensure that Icon Water receives an appropriate return on its prudent and efficient investments in infrastructure used for delivering services.
On 20 December 2019, the Commission received a request from the Treasurer to provide advice to help ensure that the new crematorium facility to be built and operated by the ACT Public Cemeteries Authority operates in a manner consistent with competitive neutrality.
On 28 May 2019, the Commission received a terms of reference from the Treasurer to determine a price direction for standing offer prices for the supply of electricity to small customers who consume less than 100 MWh of electricity over any period of 12 consecutive months. The price direction will be for the period 1 July 2020 to 30 June 2024.
On 14 December 2016, the Commission received an industry reference under section 15(1)(a) of the ICRC Act 1997 (Act) to undertake and investigation into, and determine a price direction for, regulated water and sewerage services provided by Icon Water Limited in the ACT. The Commission has received terms of reference for the investigation under section 16 of the Act.