AEMC Senior Director, Ms Anne Pearson, today released three consultants’ reports for public comment in relation to the Review into the Use of Total Factor Productivity for the Determination of Prices and Revenues.
The consultants' reports were commissioned to inform the AEMC on issues arising within this review. They are important contributions to our public consultation which will help inform the development of Review reports in the months ahead.
The reports are:
- Economic Insights, Assessment of data currently available to support TFP based network regulation, 9 June 2009
- Economic Insights, Energy network total factor productivity sensitivity analysis, 9 June 2009
- The Brattle Group, Incentives under total factor productivity based and building blocks type price controls, June 2009
Ms Pearson asked stakeholders to note that these reports cover particular, and not all, issues relating to the use of Total Factor Productivity in economic regulation.
"Other issues are still to be considered during the course of this review," she said.
"Accordingly we are continuing with our planned consultation approach as outlined in this Review's Revised statement of approach (28 April 2009). We anticipate taking into account further information, including submissions from interested parties, as we develop the draft report for this review."
Interested parties wishing to comment on any of the matters raised in these reports are invited to lodge their submissions online through the home page of the AEMC's website http://www.aemc.gov.au by COB Friday 31 July 2009.