NATIONAL THIRD PARTY ACCESS CODE FOR NATURAL GAS PIPELINE SYSTEMS - REG 8.3

NATIONAL THIRD PARTY ACCESS CODE FOR NATURAL GAS PIPELINE SYSTEMS - REG 8.3

8.3         Form of Regulation and Variation of Reference Tariff

                Subject to section 8.3A and to the Relevant Regulator being satisfied that its is consistent with the objectives contained in section 8.1, the manner in which a Reference Tariff may vary within an Access Arrangement Period through the implementation of a Reference Tariff Policy is within the discretion of the Service Provider. For example, the Reference Tariff Policy may specify that Reference Tariffs will vary within an Access Arrangement Period through the implementation of:

            (a)         a Cost of Service Approach;

            (b)         a Price Path Approach;

            (c)         a Reference Tariff Control Formula Approach;

            (d)         a Trigger Event Adjustment Approach; or

            (e)         any variation or combination of the above..

        [Section 8.3 inserted: Gazette 11 Jul 2003 p. 2823.]