AER - Jemena electricity PTRM - 2023–24 Return on debt update - December 2022

In line with our final decision on Jemena's electricity distribution network, we have updated Jemena's return on debt for 2023–24. As a result of this update, the return on debt for 2023–24 is 4.53 per cent. This results in an X-factor for 2023–24 of 0.10 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.