AER - Multinet Gas - Post Tax Revenue Model - 2021 Return on debt update - September 2020

In line with our final decision on Multinet's gas distribution network, we have updated Multinet's return on debt for 2021. As a result of this update, the return on debt for 2021 is 4.27 per cent. This results in an X-factor for 2021 of -0.96 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.