Transpower price-path compliance

Compliance with the price-quality path is achieved if the forecast revenues Transpower uses to set charges for a pricing year do not exceed the forecast maximum allowance revenue (MAR).

Transpower was required to provide the Commission with a calculation of the draft forecast MAR. It was certified by its directors and was subject to an independent assurance report.

The Commission set the forecast MARs and these are determined in the Commission's price-quality path determination.

Transpower is required to provide a compliance monitoring report in October for each 30 June disclosure year. The report will include a wash up of the MAR.

The Commission will update a later forecast MAR to take into account the MAR wash ups and any further capital expenditure approved by the Commission after the forecast MARs were initially set.

Foreceast MAR

The Commission has determined the forecast MAR for each of Transpower's pricing years from 1 April 2011 to 31 March 2015.

Updates to forecast MARs

Updates to the forecast maximum allowable revenues (MARs) will occur in November 2012 and November 2013.

Annual compliance monitoring statement

Each October Transpower is required to provide and publish its annual compliance statement for each disclosure year ending 30 June.

Maximum allowable revenues (2012/13–2014/15)

The Commission set the maximum allowable revenues (MARs) for this period on 1 November 2011.

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Maximum allowable revenue (2011/12)

The Commission set the maximum allowable revenue (MAR) for the 2011/12 pricing year in December 2010.

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Update to the 2014/15 forecast MAR (October 2013)

Transpower may apply for an update to the forecast maximum allowable revenue (MAR) for the 2014/15 pricing year.

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Updates to the 2013/14 and 2014/15 forecast MARs (October 2012)

Transpower may apply for updates to the forecast maximum allowable revenues (MARs) for the 2013/14 and 2014/15 pricing years.

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Annual compliance monitoring statement (2014/15)

Transpower is required to provide and publish its annual compliance statement for the final disclosure year of the regulatory control period ending 30 June 2015 by 23 October 2015.

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Annual compliance monitoring statement (2013/14)

Transpower is required to provide and publish its annual compliance statement for the disclosure year ending 30 June 2014 by 24 October 2014.

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Annual compliance monitoring statement (2012/13)

Transpower is required to provide and publish its annual compliance statement for the disclosure year ending 30 June 2013 by 25 October 2013.

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Annual compliance monitoring statement (2011/12)

Transpower is required to provide and publish its annual compliance statement for the disclosure year ending 30 June 2012 by 19 October 2012.

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