This Notice for Proposed Rule Making (NPRM) is a consultative document which sets out, and invites comments, on the proposed rules and procedures which should govern the operation and administration of the Electricity Sector System Benefit Fund (“SBF”) established pursuant to the Electricity Act, 2015 (“the EA”). Section 50 of the EA requires that the SBF be administered and controlled by the Office of Utilities Regulation (the “Office”).
This NPRM, among other things, outlines the legal basis for establishing the SBF, the stakeholders’ roles in relation to the SBF, the proposed treatment of the SBF assets and the level and types of monitoring required for proper accountability to all stakeholders, specifically the electricity customer stakeholder group.
Stakeholders and other individuals with an interest in contributing to the development of these rules may do so by providing feedback on this document.
On reviewing and evaluating the feed-back received, the OUR will make a determination on the form, elements and content that should comprise the rules and procedures that will govern the operation and administration of the SBF. It is intended that these rules and procedures will be finalized and promulgated by 2018 July 05