PORTS MANAGEMENT ACT 2015 (NO 11 OF 2015) - SECT 133 Access and pricing principles

PORTS MANAGEMENT ACT 2015 (NO 11 OF 2015) - SECT 133

The access and pricing principles for this Part are as follows:

    (a)     the price of access to a prescribed service should be set so as to:

        (i)     generate expected revenue from the service that is at least sufficient to meet the efficient costs of providing access to it; and

        (ii)     include a return on investment commensurate with the regulatory and commercial risks involved;

    (b)     price structures should:

        (i)     allow multi-part pricing and price discrimination when it aids efficiency; and

        (ii)     not allow a vertically integrated provider of access to services to set terms and conditions that discriminate in favour of its downstream operations, except to the extent that the cost of providing access to others is higher;

    (c)     access pricing regimes should provide incentives to reduce costs or otherwise improve productivity.