Victorian Current Acts Victorian Current Acts(1) This section applies despite anything to the contrary in—
(a) the National Electricity (Victoria) Law; or
(b) the Rules; or
(c) an applicable 2016–2020 distribution determination.
(2) Subject to this Division, a Victorian DNSP must submit a pricing proposal under clause 6.18.2 of the Rules for approval under the Rules, for the determination extension period.
Note
The determination extension period is taken to be a regulatory year of the regulatory control period for which a Victorian DNSP is subject to a control mechanism imposed by an applicable 2016–2020 distribution determination—see section 16VC.
(3) The pricing proposal mentioned in subsection (2) must comply with the Victorian DNSP's applicable 2016–2020 distribution determination regardless of whether the determination has been varied by the AER under section 16VK.
(4) In addition, the pricing proposal mentioned in subsection (2) may include tariffs that reflect the efficient costs that the Victorian DNSP incurs as a direct result of the enactment of Subdivision 3.
(5) For the purposes of this section—
(a) a Victorian DNSP's tariff structure statement applying to the Victorian DNSP during the initial regulatory control period is taken to be a constituent decision, or constituent component, of the Victorian DNSP's applicable 2016–2020 distribution determination; and
(b) the initial regulatory control
period is taken to include the determination extension period for the
Victorian DNSP's applicable
2016–2020 distribution determination.
Note
Initial regulatory control period is defined in clause 11.75.1 of the Rules.
Subdivision 4—Orders in Council relating to applicable distribution determinations
S. 16VE inserted by No. 28/2020 s. 3.