AER - AusNet Services distribution determination - 2020 debt update (including REFCL contingent project T3) - PTRM - October 2019

In line with our final decision on AusNet Services' electricity distribution network, we have updated AusNet Services' return on debt for 2020 under NER cl. 6.5.2(l).

As a result of this update, the return on debt for 2020 is 5.10 per cent. This results in an X-factor for 2020 of –2.28 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.