The Electricity (Criteria for Relevant Electricity Projects) (Transmission) Regulations 2024
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Change 1
7 Consumer benefit criterion in respect of an early-model tender exercise
(1) A cost-benefit analysis in respect of a project must demonstrate that the non-tendered consumer impact does not outweigh the tendered consumer impact. (2) In this regulation— “cost-benefit analysis” means— an analysis of the costs and of the benefits to consumers; and a reasonable estimate of those costs and of those benefits; “non-tendered consumer impact” means the estimated overall impact of a network need being addressed otherwise than through a tender exercise; “tendered consumer impact” means the estimated overall impact of a network need being addressed by a project through a tender exercise.
7 Consumer benefit criterion in respect of an early-model tender exercise
(1) A cost-benefit analysis in respect of a project must demonstrate that the non-tendered consumer impact does not outweigh the tendered consumer impact. (2) In this regulation— “cost-benefit analysis” means— an analysis of the costs and of the benefits to consumers; and a reasonable estimate of those costs and of those benefits; “non-tendered consumer impact” means the estimated overall impact of a network need being addressed otherwise than through a tender exercise; “tendered consumer impact” means the estimated overall impact of a network need being addressed by a project through a tender exercise.
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