Commencement and repeal

(1) These Bye-laws shall take effect from 1st July 2005. (2) On the coming into force of these Bye-laws, the Electricity Tariffs, Charges and Quality of Service Standards Bye-laws, 2001 shall stand repealed but without prejudice to the validity of anything done thereunder. MADE by the Public Utilities Commission this 19th day of December, 2005. (DR GILBERT CANTON) Chairman Public Utilities Commission APPROVED by the Minister of Public Utilities this 19th day of December, 2005. (RALPH H. FONSECA) Minister of Home Affairs and Public Utilities Minister responsible for Electricity __________ 42 Electricity SCHEDULE I [bye-law 2] REGULATED PARAMETERS 1. The Regulated Parameters for the Full Tariff Period (FTP) whose regulated values may be varied only in a Full Tariff Review Proceeding (FTRP) are listed in TABLE 1 below. TABLE 1: REGULATED PARAMETERS (FTP) Parameter Unit XTL % αTL % XCL % αCL % XOPEX % αOPEX % ROR % RORLL % RORUL % RSA carrying charge % G % WhereElectricity 43 XTL - Annual efficiency improvement factor for technical losses; αTL - Efficiency sharing factor for technical losses; XCL - Annual efficiency improvement factor for commercial losses; αCL - Efficiency sharing factor for commercial losses; XOPEX - Annual efficiency improvement factor for OPEX; αOPEX - Efficiency sharing factor for OPEX; ROR - Target Rate of Return; RORLL - Rate of Return lower limit; RORUL - Rate of Return upper limit; RSA carrying charge - Rate Stabilisation Account interest rate; G - Gearing, being the ratio of debt to debt plus equity. 2. The Regulated Parameters whose regulated values are forecasted in a FTRP for each ATP of a FTP and the forecasted regulated values may be adjusted in an Annual Review Proceeding (ARP) or on the occurrence of a Threshold Event during the FTP are listed in TABLE 2 below. TABLE 2: REGULATED PARAMETERS (ATP) Parameters Unit Electricity Sales MWh Cost of Power BZ$/kWh Value Added of Delivery BZ$/kWh Cost of Power Rate Stabilisation Account Adjustment BZ$/kWh 44 Electricity Hurricane Cost Rate Stabilisation Account Adjustment BZ$/kWh Mean Electricity Rate BZ$/kWh 3. The Regulated Parameters whose regulated values are forecasted in a FTRP for each calendar year of a FTP and the forecasted values may be adjusted in an Annual Review Proceeding (ARP) or on the occurrence of a Threshold Event during each calendar year of the FTP are listed in TABLE 3 below. TABLE 3: REGULATED PARAMETERS (C/Y) Parameters Unit Reference Cost of Power BZ$/kWh Other Revenue BZ$/kWh __________ Electricity 45 SCHEDULE II [bye-law 2] QUALITY OF SERVICE STANDARDS (SERVICE RELIABILITY) 1. The Regulated Parameters for service reliability whose regulated values may be varied only in a Full Tariff Review Proceeding (FTRP) are listed in TABLE 1 below. TABLE 1: REGULATED PARAMETERS (SERVICE RELIABILITY) Parameter Unit φSAIFI BZ$/interruption φSAIDI BZ$/hour φSAIFI % φSAIDI % WhereSAIFI - The System Average Interruption Frequency Index; SAIDI - The System Average Interruption Duration Index; QSAIFI - Annual improvement target for SAIFI; QSAIDI - Annual improvement target for SAIDI; öSAIFI - the financial incentive for SAIFI; öSAIDI - the financial incentive for SAIDI. __________