The AEMC invites submissions relating to its draft rule determination and draft rule for the Setting the Opening Capital Base rule change request published today.

The Commission considers that the draft rule will contribute to the achievement of the national gas objective and is consistent with the regulatory incentive framework. It will also give service providers greater certainty about the methods the economic regulators use to calculate the value of a regulated gas pipeline.

Submissions to the draft rule determination and draft rule are due by 21 August 2014.