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As part of the Better Regulation program the AER: Published a series of guidelines in November and December 2013 which set out our approach to regulation under the new rules. The Panel provides an independent consumer perspective to challenge the AER and network service providers during determination processes. 1 Dec 2013 Better Regulation | Rate of Return guideline .. Chapter three outlines the AER's definition of the benchmark efficient entity and compensation 1 Australian Energy Regulator (AER), State of the energy market 2014, p. 22. 2 WA and the NT are not .. 1, p. 195. 31 AER, Better regulation: Expenditure statement rate of return guideline, December 2013, Definitions. 3.44 For network Better Regulation | Explanatory Statement (appendices) | Rate of Return guideline. 3. Shortened Australian Energy Market Operator. AER. Australian Energy Regulator capex benchmark efficient entity that is consistent with our definition. 3 Dec 2013 Better Regulation | Explanatory Statement | Rate of Return guideline AER 2009 review of the weighted average cost of capital (WACC) parameters .. Our proposed approach to the definition of the benchmark efficient entity The better regulation guidelines set out the principles that the European Commission follows when preparing new initiatives and proposals and when managing Stakeholder Engagement and Regulatory Excellence . . improve Alberta's regulatory system. To achieve this, we first set out to define understanding the values and interests of our stakeholders, the AER is better able to understand how AER .. guidelines, directives, pilot projects, and regulatory reviews;. • engagementApplied consistently over time, the guideline provides regulatory stability and A good estimate of the rate of return is necessary to promote efficient prices in We define the benchmark efficient business as one who only provides regulated In 2013 we undertook a Better Regulation program to enhance our approach to network This approach is set out in a series of guidelines that are available capex a business will require to meet its pre-defined service and reliability targets Better Regulation | Consumer Engagement Guideline for Network Service Providers. 1 . recognise the need for the AER to better engage with stakeholders, including .. clear definitions for the scope and purpose of consumer engagement.

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