Haulage Reference Tariffs Clause Samples

Haulage Reference Tariffs. Subject to the approval of the Regulator, AGN can vary the Reference Tariffs for Haulage Reference Services from time to time provided that the variations comply with the four Reference Tariff Control Formulae set out in Annexure D to this Access Arrangement. The first Reference Tariff Control Formula is designed to ensure that the average revenue (in $/GJ) that AGN receives from a Haulage Reference Service after 1 July 2023 does not increase, as a result of any proposed variation to Reference Tariffs, at a rate that is greater than the change in CPI – X (where X is the factor described in Annexure D). The second Reference Tariff Control Formula is designed to ensure the AER approved Cost Pass Through Event adjustment amounts are recovered from or returned to customers. The third Reference Tariff Control Formula is designed to ensure that the average revenue (in $/GJ or $/GJ of MHQ) that AGN receives from any single type of Haulage Reference Service, after any proposed variation to Reference Tariffs, does not increase by more than the percentage change in CPI plus 2%. The fourth Reference Tariff Control Formula implements the annual update to the return on debt building block required as a result of the adoption of a trailing average approach to determining the cost of debt. The Reference Tariff Control Formulae set out in Annexure D compare the revenue from the pre-existing Reference Tariffs with revenue from the Reference Tariffs as varied, based on the Quantities of Gas (or other units of measurement, such as GJ of MDQ) that applied in the year two years prior to the year in which the Reference Tariffs are to be varied. Variations to the Reference Tariffs may be effected: a through changes in the components, elements or variables comprised within any Reference Tariff (such as a change in the base charge or fixed charge within the Reference Tariff or a change in the steps, or the level of the steps, within the Reference Tariff); b through the introduction of a new Reference Tariff for any Haulage Reference Service; c through the withdrawal of any Reference Tariff; or d through any combination of these changes.