Regulated Revenue Determination

Transmission Revenue Reset Process

As a regulated business, TransGrid is required to lodge a Revenue Proposal with the Australian Energy Regulator (AER) by 31 January 2022. This sets out our proposed revenues and investment plans for the five-year regulatory period commencing 1 July 2023. 

The process for setting revenue is referred to as the Transmission Revenue Reset. The next five-year regulatory period for electricity transmission runs from 1 July 2023 to 30 June 2028.

Timeline

The key dates for the Revenue Reset Process are set out below.
Date
Activity
31 October 2020
Notify AER on need for Framework and Approach (F&A)
31 December 2020
AER issues Notice on need for F&A
Feb 2021*
AER publishes F&A positions paper
30 Jun 2021
TransGrid submits its Expenditure Forecasting Methodology to AER
31 Jul 2021
AER publishes final F&A paper
31 Jan 2022
TransGrid submits its Initial Revenue Proposal, associated RINs and other supporting information to AER
30 Sep 2022
AER publishes Draft Decision
Dec 2022
TransGrid submit its Revised Revenue Proposal to the AER
30 Apr 2023
AER publishes Final Decision
 * Indicative only