Australian Capital Territory
Independent Competition and Regulatory Commission (Reference for Investigation) 
Determination 2002 (No 3)
Disallowable instrument DI2002—227
made under the
Independent Competition and Regulatory Commission Act 1997, s15 (Nature of industry reference) and s16 (Terms of industry references)

EXPLANATORY STATEMENT

The Independent Competition and Regulatory Commission Act 1997 establishes the Independent Competition and Regulatory Commission (the Commission) to regulate pricing, access and other matters in relation to industries involving the provision of water, electricity and sewerage, and other industries.

Section 15 of the Act provides the means by which the Commission may be provided with a reference to determine prices for regulated services such as the provision of electricity.

This instrument directs the Independent Competition and Regulatory Commission (the “Commission”) to conduct an investigation into the determination of retail prices for regulated services in electricity.

The Commission is required to provide a price direction for the supply of electricity to franchise customers for the three-year period from 1 March 2003.

The price directions provided by the Commission at the end of the investigation will supersede the relevant parts of the previous direction – Actew’s Electricity, Water and Sewerage Charges for 1999/2000 to 2003/2004, which was issued in May 1999.