Financial Close revenue adjustment proposal

On 7 May 2025, the AER received a revenue adjustment proposal from ACEREZ for the main CWO REZ network project.

ACEREZ proposed adjustments to the schedule of quarterly payments that are to be paid to it as the Network Operator for the project. The proposed adjustments reflect the final Project Deed agreed at Contract Close and the project revenue and costs as updated through the Financial Close process that was completed on 4 April 2025.

Consistent with our contestable guideline, we will endeavour to make our revenue adjustment decision within 42 business days of receipt of the revenue adjustment proposal.

As the details of the adjustment mechanisms are confidential in our revenue determination (published on 4 April 2025), we have not published the revenue adjustment proposal. Following our review of the proposal, we will publish our adjustment decision and the updated schedule of amounts to be paid to ACEREZ over the first five years of the project term.