AER - AusNet Services access arrangement - 2021 return on debt update - PTRM - March 2020

In line with our final decision on AusNet Services' gas distribution network, we have updated AusNet Services' return on debt for 2021. As a result of this update, the return on debt for 2021 is 4.61 per cent. This results in an X-factor for 2021 of 1.66 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.