We operate in a highly regulated business environment that is constantly changing. As a participant in the National Electricity Market (NEM), we're required to develop, operate and maintain our transmission system in accordance with the National Electricity Rules (NER) and meet the requirements of the local jurisdiction. We're subject to a number of industry-specific Tasmanian Acts and regulations including the:
- Tasmanian Electricity Supply Industry Act 1995;
- Electricity Industry Safety and Administration Act 1997;
- Electricity Companies Act 1997;
- Electricity Wayleaves and Easements Act 2000;
- Electricity Ombudsman Act 1998; and
- Tasmanian Electricity Supply Industry (Network Performance Requirements) Regulations 2007.
The Australian Energy Regulator (AER) is responsible for the regulation of electricity transmission services in the NEM. We contribute to the development of industry policy, market arrangements and other regulations to maximise the long-term interests of electricity consumers, shareholders, stakeholders and other interested players.
The AER also is responsible for determining the maximum allowable revenue for regulated electricity network service providers. Full details of Transend's revenue determination are available on AER's website.
Transend's Cost Allocation Methodology
In accordance with the National Electricity Rules, a Transmission Network Service Provider (TNSP) must maintain a current copy of its approved cost allocation methodology on its website.