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)

Reference for Investigation under s15
Pursuant to subsection 15(1) of the Act, I refer to the Independent Competition and Regulatory Commission (the “Commission”) the provision of a price direction for the supply of electricity to franchise customers for the three-year period from 1 March 2003.
Reference for Requirements in relation to investigation under s16
Pursuant to subsection 16(1) of the Act, I specify the following requirements in relation to the conduct of the investigation:
1.	The Commission is to review and provide a price direction for the supply of electricity to franchise customers for the three-year period from 1 March 2003.
2.	In undertaking the review, the report should have regard to the requirements of section 20 of the Act, as well as the following:
(a)	any applicable requirements of the National Electricity Law and the National Electricity Code;
(b)	the impact of the introduction of Full Retail Competition for Electricity in the Territory, having regard to matters including but not limited to the arrangements for Retailer of Last Resort; 
(c)	the retail prices charged by ActewAGL in other jurisdictions; and
(d)	the retail prices charged by incumbent retailers in other jurisdictions.

Ted Quinlan
Treasurer
13 December 2002