TransGrid undertakes a revenue determination process, led by the Australian Energy Regulator (AER).
Why does TransGrid undertake a revenue determination process?
The AER’s revenue determination process exists to ensure that electricity transmission businesses recover a balanced amount of revenue from customers. Ahead of each regulatory period, TransGrid is required to provide the AER with a program of work and forecast the revenue needed to maintain and operate a safe, reliable, sustainable and affordable network.
What are the key dates and activities for TransGrid's 2018/19-2022/23 revenue determination?
| 30 June 2016 | Expenditure forecasting methodology submitted (TransGrid) | Complete |
| 31 Jan 2017 | Revenue proposal due (TransGrid) | Complete |
| Mar 2017 | Issues paper published (AER) | Complete |
| April 2017 | Public forum held (AER and Consumer Challenge Panel) | Complete |
May 2017
| Submissions close | Complete |
| 30 Sept 2017* | Draft decision published (AER) | Complete
|
| Oct 2017 | Predetermine conference held* (AER) | Complete
|
| 1 Dec 2017 | Revised regulatory proposal due* (TransGrid) | Complete
|
| 21 Jan 2018 | Submissions close*
| Complete
|
| Feb 2018 | Cross submissions close* | Complete
|
17 May 2018
| Final decision published (AER) | The Australian Energy Regulator (AER) has delayed the release of its final TransGrid electricity transmission network revenue determination for 2018–23 to 17 May 2018. This decision was due at the end of April 2018.
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* The AER identifies these dates as indicative only.
Key dates in the revenue determination process are set by the AER and can be viewed on the Determinations & Access Arrangements page of the AER website. Please refer to the AER 7 year regulatory determination calendar 2015-2022 document.
How are energy users and consumers contributing to the revenue determination?
In preparation for the 2018/19-202/23 regulatory period, TransGrid has been working proactively with customers and stakeholders. The Proposal has been shaped by a diverse range of energy-user insights to ensure we balance the needs of customers, consumers and other stakeholders.
- Examples of stakeholder feedback that has directly shaped the Revenue Proposal can be viewed on page 18 of the Stakeholder Engagement Summary Report.
- A dedicated Revenue Working Group has been established to ensure the customer and consumer perspectives are considered in TransGrid's decision making. Comprised of industry and consumer representatives, the Group provides advice to TransGrid about planned operational and capital expenditure. The Revenue Working Group is a subsidiary of the TransGrid Advisory Council.
