The Australian Energy Regulator (AER) has made a final decision on the revenue Victorian electricity transmission network service provider AusNet Services can recover from its customers in the 2022–27 regulatory period.
The decision, for the five-year period 1 April 2022 to 31 March 2027, allows the transmission network service provider to recover $2876.6 million from its customers. This is $49.2 million less than what was proposed by AusNet Services.
We estimate that under this decision, average annual retail electricity bills for residential customers in Victoria will rise by $7 (0.5%) by the end of the period.
For small business customers, the corresponding increase will be $15 (0.5%) for low usage (12,000 kWh) consumers and $26 (0.5%) for high usage (20,000 kWh) consumers.