On 31 January 2019 the AER released its final framework and approach (F&A) papers for Powercor for the 2021-25 regulatory control period.
On 30 April 2018, Powercor submitted to the AER a request to develop a replacement Framework and Approach (F&A) to apply to its next distribution determination process for the 2021-25 regulatory control period.
Energy consumers and other interested parties were invited to make submissions on whether it is desirable to amend or replace Powercor's current F&A by 7 June 2018. No submissions were received.
On 28 June 2018, the AER issued a decision to replace Powercor's F&A. Consultation commenced in August 2018.
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 intention is for this change to come into effect for the next regulatory control period. This will mean extending the current regulatory period by 6 months. Whilst the change still requires passage through Victorian parliament to give effect through legislation, we understand that the next regulatory control period will commence on 1 July 2021 to 30 June 2026.