The Australian Energy Regulator (AER) has approved Evoenergy’s 2021-22 electricity pricing proposal in accordance with its 2019–24 distribution determination.
This is the third year of the 2019–2024 determination for Evoenergy. The determination sets revenues to recover the cost of delivering electricity supply to customers over five years. Each year Evoenergy submits to the AER for approval a pricing proposal that contains the network tariffs it proposes to charge its customers to recover its revenues, transmission network charges and the costs of jurisdictional schemes.
In 2021-22, the network tariff component of the typical annual bill for Evoenergy customers is $241 higher for households and $1476 higher for small business, compared to the previous year. These changes will come into effect from 1 July 2021.
The network tariff increases are predominantly driven by the increasing cost of jurisdictional schemes. Information on these increases can be found in Evoenergy’s media release on the pricing proposal.
More information can be found on Evoenergy’s pricing proposal, our role in reviewing the proposal, and our decision to approve in our Statement of Reasons.
Electricity bills are made up of a number of components including the wholesale cost, retail margins, and network charges. This decision relates to the network tariff component of the bill only. What customers ultimately pay will be informed by all bill components.
It is important to note that the Australian Capital Territory Independent Competition and Regulatory Commission regulates retail prices for small customers on standing offers.
The AER acknowledges that energy bills are a concern to many households and businesses. We encourage consumers to use the AER’s EnergyMadeEasy website, our free and independent price comparison tool, to find the best deal to suit their energy needs.