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Workshop on Economic Benchmarking in Energy Regulation Consultation

Join us for the 6th workshop on economic benchmarking in energy regulation. Discuss data requirements, measurement of inputs, and the role of benchmarking in expenditure forecasts. Explore practical application issues and share insights on cost allocation and definitions.

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Workshop on Economic Benchmarking in Energy Regulation Consultation

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Presentation Transcript

  1. The Australian Energy RegulatorEconomic benchmarking Input data

  2. Agenda

  3. This is the 6th workshop on economic benchmarking techniques – one more to come • Draft explanatory guidelines in August • Final by 29 November How does this fit into the broader consultation?

  4. Economic benchmarking workshops

  5. To discuss data requirements measurement of inputs • Is the data list comprehensive? • Are the preliminary definitions suitable? • To consider some input specification issues • Easements • Distribution network complexity • System capacity and capital input quantities • The WACC for economic benchmarking Objective of this workshop

  6. To discuss the role of economic benchmarking in the review of expenditure forecasts • Provide an illustration of its application • Consider practical application issues • Discuss the specification of economic benchmarking in the EFA guideline Objective of next workshop

  7. Some common issues • Cost allocation • Definitions of cost categories • Workshop on 16 May to consider shared costs • Consistent reporting requirements Overlap with category analysis

  8. Economic Insights presentation

  9. Discussion points • Treatment of easements • Complexity of different distribution networks • WACC for economic benchmarking Model specification

  10. Economic Insights presentation

  11. AWOTE or WPI? • Data requirements • DNSP definitions pg. 14 • TNSP definitions pg. 23 Opex discussion points

  12. Economic Insights presentation

  13. Two main components • Asset quantities • Asset costs – RAB depreciation Capital discussion points

  14. Asset quantities • DNSP quantities – pg. 15 • TNSP quantities – pg. 24 Capital discussion points

  15. RAB parameters • DNSP – pg. 18 • TNSP – pg. 26 Capital discussion points

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