In line with our final decision on Energex’s electricity distribution network, we have updated Energex’s return on debt for 2017–18 under NER cl 6.5.2(l).
As a result of this update, the return on debt for 2017–18 is 5.07 per cent. This results in an X-factor for 2017–18 of –19.56 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.