Notified Electricity Prices 2008-09
The Queensland Competition Authority is responsible for calculating a Benchmark Retail Cost Index (BRCI) which is to be used to adjust regulated (notified) electricity prices annually.
On 12 March 2008 the Authority received a new delegation from the Minister for Mines and Energy. The new delegation revokes the previous delegation and sets out the Authority’s new responsibilities for calculating the BRCI. This includes applying the BRCI to the schedule of notified prices and publishing these prices in the Queensland Government Gazette on or before 1 June each year (a role previously performed by the Minister on the advice of the Authority).
As a result of these changes, the Authority is no longer required to provide advice to the Minister regarding the BRCI and the timetable for this project has been amended accordingly and is as follows:
Interim Consultation Notice issued and call for submissions on 14 September 2007
- Submissions on Interim Consultation Notice closed 15 October 2007
- Workshop to discuss submissions on Interim Consultation Notice held on 31 October 2007
- Draft Decision released 3 February 2008
- Submissions on Draft Decision closed 29 February 2008
- Workshop to discuss submissions held 27 March 2008
- Final Decision released by the Authority late May 2008
- Gazettal of notified prices for 2008-09 on or before 1 June 2008
