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Rate-regulated activities

Date recorded:

As this is an oral update, the staff did not prepare any agenda papers for this session.

Oral update

Throughout 2018, the Board made a number of tentative decisions about the accounting model being developed for rate-regulated activities (the ‘model’). The staff’s intention was to provide a summary of the model based on these decisions at the January meeting. However, in the light of the mixed views and discussions held at the December Board meeting, this presentation has been pushed back to March 2019.  The objective remains to issue a Discussion Paper or Exposure Draft in the second half of 2019. 

Discussion

One Board member asked if the staff had received any feedback from stakeholders. The staff confirmed they had had informal discussions at outreach events. Stakeholders generally considered that the project was moving in the right direction. Some expressed concerns that some of the tentative decisions made at the November and December Board’s meetings may create complexity and accounting mismatches. This is why the staff wants to assess further the interactions between the various decisions made as well as to understand better the reasons for the differences in views which emerged in the past Board’s meetings.

No decisions were made.

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