Pricing Methodology
The Pricing Methodology outlines the process for how Powerlink’s regulated revenue is allocated between customers and prices calculated. It is approved by the AER.
Transmission Pricing
Powerlink calculates prices in accordance with the framework set out in the National Electricity Rules (NER) and its pricing methodology.
Powerlink's revenue for owning and operating its regulated transmission network is set by the Australian Energy Regulator (AER). Each year we publish the regulated transmission service prices for directly connected customers, in accordance with the National Electricity Rules (NER).
These prices, quoted in Australian dollars, consist of the following components:
- Prescribed Connection charge
- Prescribed TUOS (Locational) charge
- Prescribed TUOS (Non-Locational) charge, and
- Common Transmission Service charge.
Inter-regional Transmission Use of System Charges
Updated 15 February 2022
The Australian Energy Market Commission published its Final Determination and Rule to implement inter-regional transmission charging arrangements in February 2013. Consistent with these amendments to the Rules1, the AER’s Pricing Methodology Guidelines2 and Powerlink’s Pricing Methodology3, Powerlink is required to publish the modified load export charge (MLEC) payable for the following financial year for use of the Queensland transmission network by adjacent regions by 15 February each year.
Powerlink has calculated the MLEC amount payable by TransGrid to Powerlink as follows:
MLEC payable by TransGrid4
Financial Year |
Revenue to be recovered(exc GST). |
|---|---|
| 2020/21 | $16,628,333.26 |
| 2021/22 | $16,973,082.06 |
| 2022/23 | $12,893,413.59 |
Notes:
- Clause 6A.29 and new Rule 6A.29A (from 1 July 2015).
- AER Pricing Methodology Guidelines (July 2014).
- Approved by the AER in May 2015.
- Adjusted in accordance with clause 6A.23.3(f).