In line with our final decision on Directlink’s electricity transmission network, we have updated Directlink’s return on debt for 2016–17 under NER cl 6A.6.2(l).

As a result of this update, the return on debt for 2016–17 is 4.47 per cent. This results in an X-factor for 2016–17 of –0.70 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase.

The revised PTRM shows the updated X-factor.

In line with our final decision on Directlink’s electricity transmission network, we have updated Directlink’s return on debt for 2017–18 under NER cl 6A.6.2(l).

As a result of this update, the return on debt for 2017–18 is 4.55 per cent. This results in an X-factor for 2017–18 of –0.43 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase.

The revised PTRM shows the updated X-factor.

In line with our final decision on Directlink’s electricity transmission network, we have updated Directlink’s return on debt for 2018–19 under NER cl 6A.6.2(l).

As a result of this update, the return on debt for 2018–19 is 4.57 per cent. This results in an X-factor for 2018–19 of –0.11 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase.

The revised PTRM shows the updated X-factor.

In line with our final decision on Directlink's electricity transmission network, we have updated Directlink's return on debt for 2019-20 under NER cl. 6A.6.2(l).

As a result of this update, the return on debt for 2019-20 is 4.59 per cent. This results in an X-factor for 2019-20 of –0.10 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase.

The revised PTRM shows the updated X-factor.