Essential Energy - Cost pass through - 2022 flood event

  • Accepting submissions
Sector: 
Segment: 
Status: 
Commencement date: 
21 December 2022
Effective date: 
1 July 2023
Service provider/Asset: 
AER reference: 
AER213605

Overview

On 21 December 2022, Essential Energy submitted a cost pass through application to the AER, seeking to recover costs in relation to the widespread flooding which occurred throughout the North Coast of New South Wales during the period of late February and March 2022. A period of severe weather caused significant and widespread flooding which severely impacted Essential Energy's electricity distribution network.

Essential Energy is seeking an increase in allowed revenue of $3.8 million in 2023-24 to commence recovery of costs arising from the 2022 flood event. Essential Energy estimates approval of this cost pass through would lead to an increase in average residential customer bills of approximately $2.63 in 2023-24 ($5.66 for small business customers).

Consultation

We invite interested parties to make submissions on Essential Energy's 2022 flood cost pass through application by Friday, 10 February 2023