AER releases Victorian network price determinations draft and significant price variation guideline

摘要

The AER made its draft determinations on the regulatory proposals submitted by the Victorian electricity distributors, SP AusNet, Citipower, Powercor, Jemena and United Energy. The determinations cover the period 1 January, 2011 to 31 December, 2015 and set the revenues that the Victorian electricity distributors are able to recover for the provision of electricity distribution services. The AER considers that capital expenditure should increase on average by around 16 per cent on actual expenditure in the current regulatory control period. Overall, the AER's decision means total capex would be 3.4 billion dollars, around 38 per cent (or 2 billion dollars) less than that sought by the DNSPs, According to the draft, Victorian DNSPs proposed increases in expenditure that significantly exceed what they have spent in the current 2006-10 regulatory control period and also compared to what was forecast in the current regulatory control period.