On 16 December 2022, Energex submitted a cost pass through application to the AER, seeking to recover costs in relation to the widespread flooding which occurred throughout South East Queensland during the period 22 February to 7 March 2022. A period of severe weather caused significant and widespread flooding which severely impacted Energex's electricity distribution network. Energex sought an increase in allowed revenue of $17.03 million in 2024-25 to commence recovery of the costs arising from the 2022 flood event.
On 30 March 2023, the AER released its determination on Energex’s 2022 February-March flooding cost pass through application. We are satisfied that the 2022 February-March flooding met the definition of a natural disaster pass through event, and the materiality threshold to constitute a positive change event. The AER has approved a positive pass through amount of $18,080,896 ($nominal, smoothed) to be recovered in 2024-25
We invited interested parties to make submissions on Energex's 2022 flood cost pass through application by 10 February 2023. No submissions were received.