Glide Path for Cost Reductions Sample Clauses

Glide Path for Cost Reductions. Where greater cost reductions than those already forecast by Allgas arise, the following mechanism is proposed for sharing the benefits arising. The cost reductions may arise by either reduced capital expenditure or reduced non-capital expenditures achieved through efficiency gains delivered by Allgas. The mechanism proposed is that any savings resulting in a required revenue (based on the methodology described in Section 2 of the Access Arrangement Information) which varies from the currently forecast revenue (Section 7.3 of the Access Arrangement Information) by more than the variance band described in Section 1.4.3 above, will be shared between Allgas and Users at the commencement of the next review. Similarly, subject to the provisions on cost passthrough and review triggers, Allgas will absorb any additional costs incurred above those forecast until the time of the next review.
Sample 1
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