Victorian Current Acts

NATIONAL ELECTRICITY (VICTORIA) ACT 2005 - SECT 16VE

    (1)     The Governor in Council, by Order published in the Government Gazette, for the purposes of giving effect to Subdivision 3, may do any one or more of the following—

        (a)     specify particular modifications that must, or must not, be made to the 2018 rate of return instrument under section 16VJ, including modifications relating to—

              (i)     the formulas or methodologies set out in the 2018 rate of return instrument under which a return on debt trailing average portfolio calculation is determined;

              (ii)     the methodology or criteria set out in the 2018 rate of return instrument under which a return on debt averaging period is determined;

        (b)     set out principles with which variations made to an applicable 2016–2020 distribution determination under section 16VK, or an applicable 2021–2026 distribution determination, must conform;

        (c)     set out objectives which must be met by—

              (i)     variations made to an applicable
2016–2020 distribution determination under section 16VK; or

              (ii)     an applicable 2021–2026 distribution determination;

        (d)     specify particular variations which must, or must not, be made to an applicable
2016–2020 distribution determination under section 16VK ;

        (e)     specify matters as matters to which an applicable 2016–2020 distribution determination, or an applicable
2021–2026 distribution determination, must, or must not, apply.

    (2)     Without limiting subsection (1), an Order under that subsection may relate to any of the following—

        (a)     a constituent decision, or component, of an applicable 2016–2020 distribution determination or an applicable
2021–2026 distribution determination, including a building block determination that is a constituent decision or constituent component of—

              (i)     an applicable 2016–2020 distribution determination;

              (ii)     an applicable 2021–2026 distribution determination;

        (b)     any efficient costs that the Victorian DNSP incurs as a direct result of the enactment of Subdivision 3 and how those costs may be recovered under—

              (i)     an applicable 2016–2020 distribution determination;

              (ii)     an applicable 2021–2026 distribution determination.

S. 16VF inserted by No. 28/2020 s. 3.