Victorian Consolidated Legislation

Electricity Industry Act 2000 - SECT 40H

When do published prices, terms and conditions take effect?

40H. When do published prices, terms and conditions take effect?



(1) Subject to this Division, prices, terms and conditions that are published
in accordance with the condition set out in section 40G(1) take effect 2
months after they are published in accordance with that condition unless those
prices, terms and conditions are referred prices, terms and conditions.

(2) If referred prices, terms and conditions are, in a report under section
40J, assessed as fair and reasonable, those prices, terms and conditions take
effect-

   (a)  if notice of that report is published in accordance with section 40K
        on or before the day those prices, terms and conditions would have
        taken effect but for their referral under section 40I(1)(a)-on that
        day;

   (b)  in any other case-on the day notice of the making of that report is
        published in accordance with section 40K.

(3) To avoid doubt, referred prices, terms and conditions that are superseded
by ESC recommended prices, terms and conditions declared under section 40M(2)
to apply to the purchases of small renewable energy generation electricity by
a relevant licensee are not to be taken to have taken effect.