AER Determination - AusNet Services - October 2021 storm cost pass through - June 2022

On 22 June 2022, the AER released its determination on AusNet Services' October 2021 storm cost pass through application. We are satisfied that the October 2021 storm met the definition of a natural disaster pass through event, and that the materiality threshold to constitute a positive change event has been met. The AER has approved a positive pass through amount of $6,166,728 ($nominal, smoothed) to be recovered over the following three regulatory years: 

• $2,050,676 to be recovered in 2023–24
• $2,055,572 to be recovered in 2024–25
• $2,060,480 to be recovered in 2025–26