AER - Multinet Gas - Post Tax Revenue Model - 2022 Return on debt update - September 2021

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

As a result of this update, the return on debt for 2022 is 4.06 per cent. This results in an X-factor for 2022 of -1.00 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.