The OUR indicated in its October 2013 Tariff Determination that it will conduct a mid-tariff review on the Guaranteed Standards Scheme and that it reserves the right to amend the schedule for the K-Factor and X-Factor at that time. The NWC is now at the mid-tariff stage and invites the OUR to conduct the mid-tariff review, not just of the Guaranteed Standards Scheme and K-Factor/X-Factor schedule, but to extend this to include other issues such as the criteria for K-Factor eligible projects. The NWC has also presented events that have materially affected its operations and financial health since 2013.

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