Jemena - Determination 2021-26

  • Accepting submissions
Sector: 
Segment: 
Region: 
Commencement date: 
30 April 2018
Regulatory period: 
1 July 2021 to 30 June 2026 (5 years)
Status: 
Contact: 
General enquiries - VIC resets 2021-26 Vic2021-26@aer.gov.au
AER reference: 
63601

Overview

On 30 September 2020, the AER published its draft decision for the Victorian electricity distributor Jemena, for the 2021–26 regulatory control period.

On 31 January 2020, the Victorian distributor Jemena, submitted its revenue proposal to the AER setting out the revenue Jemena proposes to collect from its customers through distribution charges from 1 July 2021 to 30 June 2026. 

Draft Decision

On 30 September 2020 we released our draft decision on Jemena's proposal for the 2021–26 regulatory control period, commencing 1 July 2021. The draft decision represents a key milestone in our determination of the amount of revenue that Jemena can recover from customers who use its network.

Jemena now has the opportunity to consider our draft decision and submit its revised proposal and supporting material by 3 December 2020.

Invitation for submissions

We invite interested parties to make submissions on our draft decision and Jemena's revised proposal (when submitted) by 8 January 2021.

Stakeholder forum (predetermination conference)

The AER hosted an online public forum (predetermination conference) on its draft decision for the Victorian distributors on 15 October 2020. 

Note

The Victorian Minister for Energy, Environment and Climate Change has written to the AER and the Victorian distribution businesses indicating the government’s intention to change the timing of the annual Victorian electricity and gas network prices changes. The change would bring Victoria into alignment with the other NEM states to operate on a financial – rather than calendar – year basis.

The National Energy Legislation Amendment Bill 2020 (the Bill) currently before the Victorian parliament, provides for the extension of the current regulatory control period (1 January 2016 to 31 December 2020) by six months and that the next regulatory control period will commence on 1 July 2021 to 30 June 2026. 

Due to the delay in the passage of the legislation, we will not formally make a revenue decision for the six month extension at this time. We will provide further communication on the timing of the publication of our final decision for the six month extension shortly. The timing for the assessment of network tariffs can be found here. We will continue to work with distributors and the Victorian government to ensure any effects of this delay are minimised.

The draft decision should be read noting that it was prepared under the expectation the legislation would be in place.