Revenue reset proposal
The Australian Energy Regulator (AER) is is responsible for the economic regulation of the revenues received by transmission network service providers (TNSPs) under chapter 6A of the National Electricity Rules. Powerlink Queensland submitted its 2013-2017 Revenue Proposal to the Australian Energy Regulator on 31 May 2011 in accordance with the requirements of the National Electricity Rules. The Revenue Proposal outlines expenditure forecasts necessary for the efficient and timely development of the transmission grid to maintain reliable supply to more than 2.1 million customers, including the booming resources and mining sectors as well as to efficiently operate and maintain Powerlink’s transmission grid.
The AER issued its Draft Determination at the end of November, 2011.
Powerlink has considered and responded to the AER’s Draft Determination and submitted a Revised Revenue Proposal to the AER on 16 January 2012.
With transmission only accounting for around 8% of the overall cost of electricity, Powerlink’s total Revised Revenue Proposal, including $3.3 billion for capital expenditure, would only see a small increase in the ‘typical’ residential electricity account (approximately $2.77 per annum).
Powerlink’s Revised Revenue Proposal and other related documents are available from the AER website.
The AER’s Final Determination is expected to be published by 30 April 2012.
See also