The Commission was required to set the Transpower forecast MARs for this period by 30 November 2011.
Under the Commerce Act (Transpower Individual Price-Quality Path) Determination 2010, Transpower was required to provide the Commission with draft calculations of the forecast MARs. The specifications for the calculations are set out in a Notice issued to Transpower by the Commission under section 53ZD of the Commerce Act 1986.
Transpower's calculation of the forecast MARs was certified by its directors and is subject to an independent assurance report.
The Commission determined the forecast MARs by making an amendment to the Commerce Act (Transpower Individual Price-Quality Path) Determination 2010.
| Pricing years (ending 31 March) | |||
|---|---|---|---|
| 2013 | 2014 | 2015 | |
| (RCP1 Year 2) | (RCP1 Year 3) | (RCP1 Year 4) | |
| $m | $m | $m | |
| FORECAST MAR |
783.8 |
906.4 | 958.9 |
| Pass-through costs | 13.4 | 14.4 | 15.4 |
| Recoverable Costs | 9.7 | 10.0 | 4.8 |
| FORECAST REVENUE | 806.9 | 930.8 | 979.1 |
