Electricity and gas distributionEnergy
We have deep expertise in electricity and gas sector economic regulation, policy development, project implementation and business decision making.
Expert advice on current regimes of economic regulation of electricity and gas distribution networks
We provide strategic advice, participate in internal governance processes and assist in the preparation, drafting and project management of regulatory submissions.
Our expertise includes:
- interpreting rule requirements
- project establishment and staff mentoring
- customer engagement
- defining demand forecasting requirements
- capital and operating expenditure forecasting and justification
- regulated cost of capital
- cost allocation
- service classification
- risk allocation
- incentive scheme design and drafting
We have worked for all electricity distribution networks in the National Electricity Market plus Western Power in Western Australia and Power and Water Corporation in the Northern Territory. We have worked for most gas pipeline providers including Jemena, APA and Australian Gas Pipelines Limited. We have also worked for multiple electricity transmission networks.
Expert advice to economic regulators and rule makers
We are experts in best practice regulation.
We have experience working as regulatory decision makers, staff and consultants.
We have advised the New Zealand Commerce Commission on its customised price-quality path regulatory regime.
Geoff Swier is a former member of the Australian Energy Regulator Board.
Farrierswier consultants have advised: Essential Services Commission, Victoria; Australian Energy Regulator; Australian Energy Markets Commission; Essential Service Commission of South Australia; Independent Pricing and Regulatory Authority, NSW; New Zealand Commerce Commission and Queensland Competition Authority.
Our consultants have advised on development and amendment of the current national electricity and gas law and rules, particularly with regard to revenue and pricing regulation and sector objectives. This has included roles working with the Ministerial Council on Energy, Australian Energy Markets Commission and Energy Networks Australia.
We understand engineering and economic methods
We have a good understanding of:
- network planning
- economic productivity studies
- forecasting input cost escalators
- current regulatory practice and precedent for expenditure forecasting and regulator assessment
- forecasting regulated rates of return
- regulatory depreciation methods
- customer connections
- network pricing.
Economic expert reports
We have provided expert reports to support:
- regulatory pricing proposals
- third party access coverage and classification applications
- rule change reviews
- regulatory determinations
- tariff structure statements.