Transpower may apply to the Commission for an update to the forecast allowable revenue (MAR) for the 2014/15 pricing year. The update is required to be set by 30 November 2013.
Updates to the forecast MAR are made under the price path that was set by the Commerce Act (Transpower Individual Price-Quality Path) Determination 2010 (the IPP Determination). The updates are limited to adjustments for wash ups of MARs from prior years and for capital expenditure approved by the Commission since the forecast MAR was previously set.
The update in November 2013 is the second allowable update to the forecast MAR for the 2014/15 pricing year. It includes adjustments for the wash up of the MAR for the 2012/13 disclosure year and for the forecast revenue effects of the capital expenditure approved since the November 2012 update.
