Schedule 3
(Sections 6(1)(c) and 44)
ECONOMIC REGULATION
The economic regulation of the utility supply services shall be based on the following principles —
1. non-discriminatory practices in the provision of utility supply services shall be pursued as much as possible;
2. fair competition practices will be promoted to the extent possible in the provision of utility supply services;
3. there will be no reuse of past benefits to —
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(a) compensate deficits incurred as a consequence of business risk;
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(b) revalidate inefficiencies in the provision of the utility supply services; and
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(c) allow a service licensee to appropriate profits obtained from restrictive practices towards its competition or from the abuse of its dominant position;
4. there will be a rational and efficient use of the resources involved and the utility supplied;
5. there will be consistent balance between utility supply and demand;
6. there will be universal service; and
7. there will be constant improvements in productivity and efficiency, without affecting the continuity and quality of service delivery.