In line with our final decision on Jemena’s electricity distribution network, we have updated Jemena’s return on debt for 2017 under NER cl 6.5.2(l).
As a result of this update, the return on debt for 2017 is 5.52 per cent. This results in an X-factor for 2017 of –3.25 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.