On 28 February 2017, we released our final decision on Essential Energy's 2017-19 Tariff Structure Statement proposal. The approved tariff structures will be in place for the period 1 July 2017 to 30 June 2019.
The Australian Energy Markets Commission made a series of changes to the pricing rules in November 2014. These originated in recommendations from their earlier Power of Choice review that were then actioned into rule change proposals from governments. Broadly, these new rules aim to achieve three objectives:
- Better signals of the cost drivers of distribution networks.
- The explicit consideration of the impact of changing tariffs, as part of a stakeholder dialogue based approach to their design and implementation.
- Transparency and greater certainty as to the tariff strategies that will be employed during a regulatory period.
The AER is required under these new rules to review how distributors complied with the new pricing rules in deciding whether to approve the proposed Tariff Structure Statement.
On 27 November 2015, we received Essential Energy's Tariff Structure Statement proposal for the period 1 July 2017 to 30 June 2019.
Changes to timetables
Due to further consultation undertaken on the Victorian distributors’ revised tariff structure statements, we have made the following charges to the Tariff Structure Statement timetables:
|Essential Energy||Key Dates|
|AER draft decision||2 August 2016|
|Essential Energy revised Tariff Structure Statement||4 October 2016|
|Submissions on AER draft decision due||4 October 2016|
|Submissions on revised Tariff Structure Statement due||26 October 2016|
|AER final decision||28 February 2017|
|2017/18 annual pricing proposal||31 March 2017|
|AER decision on 2017/18 annual pricing proposal||17 May 2017|