Update - Return on debt for 2016-17
Back to topIn line with our final decision on TransGrid’s electricity transmission network, we have updated TransGrid’s return on debt for 2016–17 under NER cl 6A.6.2(l).
As a result of this update, the return on debt for 2016–17 is 6.38 per cent. This results in an X-factor for 2016–17 of 3.70 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.
| Documents (1) | Author |
|---|---|
| AER - TransGrid transmission determination - 2016-17 return on debt update - PTRM - June 2016 ( XLSM 1.74 MB ) | AER |
Update - Return on debt for 2017-18
Back to topIn line with our final decision on TransGrid’s electricity transmission network, we have updated TransGrid’s return on debt for 2017–18 under NER cl 6A.6.2(l).
As a result of this update, the return on debt for 2017–18 is 6.20 per cent. This results in an X-factor for 2017–18 of 3.94 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.
| Documents (1) | Author |
|---|---|
| AER - TransGrid transmission determination - 2017-18 return on debt update - PTRM - February 2017 ( XLSM 1.74 MB ) | AER |
Update - Revocation and Substitution
Back to topOn 15 December 2017 the AER wrote to TransGrid setting out how it proposed to correct a mathematical error in the inflation calculation in its 3 July 2015 decision.
Subject to considering submissions on our proposed correction, the AER is proposing to revoke the 3 July 2015 determination and substitute it with a new determination to correct the identified error under clause 6A.15 of the NER.
| Documents (1) | Author |
|---|---|
| Letter from AER to TransGrid about correcting errors in inflation calculation ( PDF 86.54 KB ) | AER |
Update - Further updates
Back to topOn 16 May 2018 the AER wrote to TransGrid advising that it revoked its determination for TransGrid for the regulatory control period 1 July 2014 to 30 June 2018, published on 3 July 2015. This was to correct an error identified by the Australian Competition Tribunal regarding how the AER calculates inflation.
The letter and updated inflation calculation are provided below.