On 7 April 2020, we decided to review the treatment of inflation in our regulatory framework, including the method likely to result in the best estimates of expected inflation.
Review
AER - Initiation notice - 2020 Inflation review - 7 April 2020
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Indicative timetable
| Milestone | Date* |
|---|---|
| Initiation notice | 7 April 2020 |
| Discussion paper | May 2020 |
| Draft position paper | September 2020 |
| Final position paper | December 2020 |
*Please note this timeline is subject to change.
Consumer Reference Group
To assist in representing the perspectives and interests of consumers in this important review we established the Consumer Reference Group (CRG).
CRG - Factsheet - What is the CRG? - September 2020
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Discussion paper
On 25 May 2020, we released a discussion paper on our treatment of inflation in our regulatory framework. The discussion paper explores the treatment of inflation in our determination of revenue and prices for electricity and gas network services and invites stakeholder submissions.
AER - Discussion paper - Review of expected inflation 2020 - May 2020
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Submissions
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We invited interested parties to make submissions on our discussion paper on the treatment of inflation. Submissions closed on 29 July 2020.
AGIG - Submission to discussion paper - 2020 inflation review - July 2020
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APA Group - Submission to discussion paper - 2020 inflation review - July 2020
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APGA - Submission to discussion paper - 2020 inflation review - July 2020
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ATCO Gas - Submission to discussion paper - 2020 inflation review - July 2020
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Ausgrid - Submission to discussion paper - 2020 inflation review - July 2020
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Ausgrid - Attachment to submission to discussion paper - 2020 inflation review - July 2020
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AusNet Services - Submission to discussion paper - 2020 inflation review - July 2020
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Citigroup Australia - Submission to discussion paper - 2020 inflation review - July 2020
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CitiPower, Powercor and United Energy - Submission to discussion paper - 2020 inflation review - July 2020
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CRG - Submission to discussion paper - 2020 inflation review - July 2020
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ECA - Submission to discussion paper - 2020 inflation review - July 2020
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ENA - Submission to discussion paper - 2020 inflation review - July 2020
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ENA - Attachment to submission to discussion paper - CEG report - 2020 inflation review - July 2020
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Endeavour Energy - Submission to discussion paper - 2020 inflation review - July 2020
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Energy Queensland - Submission to discussion paper - 2020 inflation review - July 2020
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EUAA - Submission to discussion paper - 2020 inflation review - July 2020
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Fairbane Group - Submission to discussion paper - 2020 inflation review - July 2020
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MEU - Submission to discussion paper - 2020 inflation review - July 2020
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NSG - Submission to discussion paper - 2020 inflation review - July 2020
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PIAC - Submission to discussion paper - 2020 inflation review - July 2020
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QTC - Submission to discussion paper - 2020 inflation review - July 2020
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Dr. Ron Ben-David - Submission to discussion paper - 2020 inflation review - July 2020
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SA Power Networks - Submission to discussion paper - 2020 inflation review - July 2020
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Spark Infrastructure - Submission to discussion paper - 2020 inflation review - July 2020
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Aurizon Network - Submission to discussion paper - 2020 inflation review - July 2020
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TransGrid - Submission to discussion paper - 2020 inflation review - August 2020
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Late submissions
ENA - Email - Follow-up to AER Technical Inflation Workshop - August 2020
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ENA - Email attachment - Final decision - Energex distribution determination 2020-25 - PTRM - Public - June 2020
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ENA - CEG amended AER simulator to include hybrid spproach - August 2020
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Stakeholder forum
On 2 July 2020, the AER hosted a stakeholder forum to discuss the issues/matters raised in our discussion paper.
AER - Inflation review 2020 - Simulator - June 2020
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AER - Inflation review public forum - Agenda - 2 July 2020
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AER - Inflation review public forum presentation - 2 July 2020
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Energy Networks Australia - Inflation review public forum presentation - 2 July 2020
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Australian Gas and Pipeline Association - Inflation review public forum presentation - 2 July 2020
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Consumer Reference Group - Inflation review public forum presentation - 2 July 2020
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Deloitte Access Economics - Inflation review public forum presentation - 2 July 2020
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Sapere - Inflation review public forum presentation - 2 July 2020
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AER - Inflation review public forum Q&A - July 2020
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Consultant reports
The AER engaged consultants to consider a range of issues relevant to the inflation review. On 16 July, we published an updated version of Sapere's report to correct a typographical error in table 2 on page 22.
Dr Martin Lally - Review of the AER's inflation forecasting methodology - 8 July 2020
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Deloitte Access Economics - Review of the regulatory treatment of inflation - 30 June 2020
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Sapere - AER Inflation Review 2020 - Target return and inflation - 30 June 2020
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AER - Terms of reference for expert advice on inflation for 2020 Inflation review - May 2020
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Stakeholder forum - Technical workshop
We held a technical workshop on Thursday 13 August 2020 to explore scenarios and mechanics for possible changes to the regulatory framework for the treatment of inflation.
The material discussed at the workshop is provided below.
AER - Technical workshop presentation - August 2020
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AER - Inflation review 2020 - Simulator v2 - August 2020
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