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.
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
