Overview

Revised proposal

On 6 January 2016, CitiPower submitted its revised proposal to the AER. The revised proposal documents are attached below.

While the details of CitiPower's revised regulatory proposal can be found in these documents, we have sought to provide greater transparency and accessibility by publishing a summary of the Victorian electricity distribution businesses’ revised proposals (also attached below). It provides an overview of the proposed revenue amounts, and how they differ from the businesses’ initial proposals and our preliminary decisions. In addition, the summary includes a breakdown of the building block components of the revised proposals, and estimates of the residential bill impacts of the revised proposals and—by way of comparison—our preliminary decisions.

The bill impact estimates are for standard control and advanced metering infrastructure (AMI) services only. Other factors that may affect a customer’s electricity bill—such as transmission network costs, wholesale prices and retail costs—are held constant. Our bill impact estimates are indicative because distribution network charges form only part of the final bill paid by customers (which varies by distribution business). Individual customers' actual bills will depend on their specific usage patterns and the structure of their retail tariffs. The estimates are based on an average of standing offers at June 2015 on Switchon comparison tool using annual bill for typical consumption of 4690 kWh per year.

Supporting information - Attachments and appendices

CitiPower has provided further supporting information which we have not published on our website due to the volume of documents. A list of documents provided but not published is included on this page.

If you wish to obtain a copy of any of the unpublished material, please email VICElectricity2016ataer [dot] gov [dot] au (VICElectricity2016[at]aer[dot]gov[dot]au).

Models

Confidentiality claims

The confidentiality template includes an approximate indication of the proportion and comparative proportion of material in CitiPower's revised regulatory proposal for 2016-20 and Regulatory Information Notice (RIN) response that is subject to a claim of confidentiality compared to that which is not.

Submissions - on preliminary decision

Submissions in response to the preliminary decision closed on 6 January 2016.

Late submissions - on preliminary decision

The AER may, but need not, consider a submission it receives after the consultation period has ended.

Submissions - on revised proposal

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Submissions in response to the revised proposals closed on 4 February 2016.

United Energy - Attachment - ESQUANT Consulting Report - 4 February 2016

Document
Authors
ESQUANT Statistical Consulting

Jemena - 1 CEG - Best estimate of debt risk premium - February 2016

Document
Authors
Competition Economists Group (CEG)

AusNet Services - Attachment 2 - CEG memorandum - 4 February 2016

Document
Authors
Competition Economists Group (CEG)

Late submissions - on revised proposal

The AER may, but need not, consider a submission it receives after the consultation period has ended.