AER - APA VTS - Post tax revenue model - 2022 Return on debt update - October 2021

In line with our final decision on APA VTS's gas transmission network, we have updated APA VTS's return on debt for 2022.

As a result of this update, the return on debt for 2022 is 4.14 per cent. This results in an X-factor for 2022 of 1.17 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase.

The revised PTRM shows the updated X-factor.