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New rules will help energy regulation

The Senate passed a series of regulations in the House of Assembly on Friday evening.

The Government Fees Amendment (No 2) Regulations 2017, the Electronic Communications (Regulatory Authority Fees) Regulations 2017, and the Electricity (Regulatory Authority Fees) Regulations 2017 were all approved without objection.

The Government Fees Amendment (No 2) Regulations provides authorisation for government fees to be collected from the energy sector as recommended by the Regulatory Authority.

Under the Electronic Communications (Regulatory Authority Fees) Regulations, the general regulatory authority fee remains the same at 1.75 per cent.

Under the Electricity (Regulatory Authority Fees) Regulations 2017, electricity users will pay a slight increase to fund regulation of the industry.

The fiscal year, which begins on April 1, will be the first that the electricity sector is regulated by the Regulatory Authority.

Money for the new regulation responsibility will come through the new transmission, distribution and retail fee.

Bulk generation fees area also included under the new framework.

The Senate will meet next on May 22.