The Proposal
Our proposal to the Commerce Commission for how we will operate, maintain and invest in the grid from 1 July 2020 - 30 June 2025 is now available. The proposal has been submitted to the Commerce Commission and includes our proposed cost forecasts and performance targets.
The RCP3 proposal submission to the Commerce Commission includes the documents listed below.
Main Proposal
Securing our Energy Future - RCP3 proposal [ pdf 7.03 MB ]- RCP3 Cover Letter [ pdf 96.66 KB ]
- Asset Management Plan 2018 [ pdf 19.79 MB ]
- Transmission Planning Report 2018 [ pdf 16.9 MB ]
- Grid Outputs Report 2018 [ pdf 3.38 MB ]
- Asset Health Framework 2018 [ pdf 2.76 MB ]
- Asset Criticality Framework 2018 [ pdf 1.08 MB ]
- Integrated Transmission Plan Compliance Report [ pdf 649.57 KB ]
- Integrated Transmission Plan Glossary 2018 [ pdf 649.8 KB ]
- Independent Verification Report [ pdf 4.97 MB ]
- Deed relating to RCP3 Independent Verification [ pdf 6.63 MB ]
Regulatory Templates and Revenue Model
RT01 Expenditure Forecasts [ xlsx 938.36 KB ]- RT02 Output Incentives Model [ xlsx 145.11 KB ]
- RT03 Cost Escalation Model [ xlsx 1.4 MB ]
- RT04 Information Schedules [ xlsx 656.97 KB ]
- Revenue Model [ xlsm 1.52 MB ]
Pre-proposal public consultation
Prior to finalising our proposal we reached out to industry, special interest groups, and members of the public to seek consultation on our RCP3 proposal. Our consultation document Securing Our Energy Future 2020 -2025 was provided at that time. We encouraged stakeholders to help us shape our RCP3 proposal and received submissions which may be viewed here.
Securing our Energy Future pt1
Securing our Energy Future pt2
Pre-proposal focus groups
As part of our consultation process we hosted a focus group session on Wednesday 8 August 2018 linking our offices in Wellington, Auckland and Christchurch. You can access the focus group slides here.
Transpower Service Measures Refresh
We undertook a process to refresh our service measures (last set in 2013) for the 2020-25 Regulatory Control Period (RCP3).
These service measures are measures of our transmission services (like availability and reliability of the network) that we propose, and our regulator (the Commerce Commission) determines, at the commencement of each Regulatory Control Period (RCP). They are used to gauge our performance and, where appropriate, incentivise good and penalise poor performance. A major part of the refresh is consultation with our customers, interested consumer groups and the general public.
A timeline of the consultation process we undertook is provided below:
| What | When | Documentation | Submissions by | Make online submission |
|---|---|---|---|---|
| Engagement - Process Document | 2 November 2016 |
|
Tuesday 6 December 2016 |
Complete |
| Focus Group Session | 16 February 2017 | Service Performance Measure Refresh RCP3 [ pdf 512.37 KB ] |
NA | NA |
| Engagement - Service Measures Engagement paper | 5 April 2017 |
|
28 April 2017 | Complete |
| System Operations Industry Workshop - Christchurch | 3 April 2017 | Service Performance Measure Refresh [ pdf 1.15 MB ] |
Complete | |
| System Operations Industry Workshop - Wellington | 6 April 2017 | Complete | ||
| System Operations Industry Workshop - Auckland | 7 April 2017 | Complete | ||
| Regional Session - Hastings | 18 April 2017 | Complete | ||
| Regional Sessions - Dunedin | 19 April 2017 | Complete | ||
| Services Report (2017 ITP) | September 2017 | 2017 Services Report | ||
| Engagement – Service Measures and Asset Health Engagement Paper | 14 June 2018 |
|
28 June 2018 | N/A |
| Focus Group Session - Service Measures and Asset Health | 21 June 2018 | Focus group session slides [ pdf 507.15 KB ] |
28 June 2018 | N/A |
Additional information
Our submission on the Commerce Commission’s paper of 7 February 2019, Transpower’s individual price-quality path for the next regulatory control period: issues paper is here [ pdf 1.41 MB ], with a supplementary table here [ pdf 457.8 KB ]. Our cross-submission on other stakeholder's submissions on the paper is here [ pdf 628.8 KB ].
You can find out more about the Commerce Commission's evaluation of our RCP3 proposal here.
For any further information, please contact us at RCP3@transpower.co.nz.
Associated documents
ICT Requirements and Strategy
ICT Strategy 2016 [ pdf 785.7 KB ]
