On 30 March 2023, the AER released its determination on Essential Energy’s 2022 North Coast flooding cost pass through application. We are satisfied that the 2022 North Coast 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 $2,197,283 ($nominal, smoothed) to be recovered in 2023-24.