Energy (Renewable Transformation and Jobs) (Transmission Ring-fencing Rule) Amendment Regulation 2024

1Short title

This regulation may be cited as the Energy (Renewable Transformation and Jobs) (Transmission Ring-fencing Rule) Amendment Regulation 2024.

2Regulation amended

This regulation amends the Energy (Renewable Transformation and Jobs) Regulation 2024.

3Amendment of s 5 (Categories of costs for payments from fund—Act, s 90)

Section 5(1)—
insert—

(e)the costs of administering the fund.

4Insertion of new s 42

After section 41—
insert—

42Application of transmission ring-fencing rule—Act, s 170A

(1)For section 170A of the Act, the transmission ring-fencing rule applies to Powerlink with the modifications stated in this section.

(2)A provision of the current guidelines stated in column 1 of the following table (the current provision) does not apply to Powerlink, and a provision of the former guidelines stated in column 2 of the table opposite the current provision applies in place of the current provision.

Column 1	Column 2
Current provisions	Provisions of former guidelines applying in place of current provisions
clause 3.1(a), (b), (d) and (e)	clause 7.1
clause 4.1	clause 7.2
clause 4.2	clause 7.6
clause 4.3	clauses 7.7, 7.8 and 7.9

(3)For applying a provision of the former guidelines mentioned in subsection (2), table, column 2 to Powerlink under this section—

(a)a term used in the provision has the meaning given under clause 4 of the former guidelines; and

(b)the AER may waive any of Powerlink’s obligations under the provision as provided under clause 11 of the former guidelines.

(4)Clause 6 of the current guidelines applies in relation to Powerlink as if—

(a)the current guidelines included a requirement to comply with a provision of the former guidelines mentioned in subsection (2), table, column 2; and

(b)the current guidelines did not include a requirement to comply with a provision mentioned in subsection (2), table, column 1.

(5)In this section—

current guidelines means the ‘Transmission ring-fencing guidelines’ made under the National Electricity Rules, rule 6A.21, as in force on the commencement of this section.

former guidelines means the ‘Transmission ring-fencing guidelines’ made under the National Electricity Rules, rule 6A.21, as in force immediately before the current guidelines came into force.