Overview

Revised proposal

On 6 January 2016, Jemena submitted its revised proposal to the AER. The revised proposal documents are attached below.

While the details of Jemena's revised regulatory proposal can be found in these documents, we have sought to provide greater transparency and accessibility by publishing a summary of the Victorian electricity distribution businesses’ revised proposals (also attached below). It provides an overview of the proposed revenue amounts, and how they differ from the businesses’ initial proposals and our preliminary decisions. In addition, the summary includes a breakdown of the building block components of the revised proposals, and estimates of the residential bill impacts of the revised proposals and—by way of comparison—our preliminary decisions.

The bill impact estimates are for standard control and advanced metering infrastructure (AMI) services only. Other factors that may affect a customer’s electricity bill—such as transmission network costs, wholesale prices and retail costs—are held constant. Our bill impact estimates are indicative because distribution network charges form only part of the final bill paid by customers (which varies by distribution business). Individual customers' actual bills will depend on their specific usage patterns and the structure of their retail tariffs. The estimates are based on an average of standing offers at June 2015 on Switchon comparison tool using annual bill for typical consumption of 4690 kWh per year.

JEN - 2016 Submission on revocation - Overview - January 2016

Authors
Jemena
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JEN - VIC Consumer Overview - January 2016

Authors
Jemena
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JEN - Our 2016 Plan 2-Page flyer - January 2016

Authors
Jemena
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AER - Vic EDPR 2016-20 - overview of revised proposals - 12 February 2016

Authors
AER
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AER agenda - Jemena presentation to AER Board - 4 March 2016

Authors
AER
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Jemena slide presentation to AER Board - 4 March 2016

Authors
Jemena
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Supporting information - Attachments and appendices

JEN - Attachment 01-01 Claims for Confidentiality - January 2016

Authors
Jemena
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JEN - Attachment 01-02 Interrelationships errors and countervailing statements - January 2016

Authors
Jemena
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JEN - Attachment 01-03 Continuing engagement with our customers - January 2016

Authors
Jemena
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JEN - Attachment 02-01 Classification of services - January 2016

Authors
Jemena
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JEN - Attachment 02-02 Price control mechanisms - January 2016

Authors
Jemena
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JEN - Attachment 03-01 Incentive schemes - January 2016

Authors
Jemena
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JEN - Attachment 04-01 Risk management framework - January 2016

Authors
Jemena
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JEN - Attachment 05-01 Revenue requirement - January 2016

Authors
Jemena
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JEN - Attachment 05-04 Asset base roll-forward and depreciation - January 2016

Authors
Jemena
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JEN - Attachment 06-01 Rate of return and gamma - January 2016

Authors
Jemena
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JEN - Attachment 06-03 Future averaging periods - January 2016

Authors
Jemena
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JEN - Attachment 06-04 Frontier - The required return on equity under a foundation model approach - January 2016

Authors
Jemena
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JEN - Attachment 06-05 Frontier - The relationship between government bond yields and the market risk premium - January 2016

Authors
Jemena
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JEN - Attachment 06-06 Frontier - Estimating the equity beta for the benchmark efficient entity - January 2016

Authors
Jemena
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JEN - Attachment 06-07 HoustonKemp - The cost of equity - Response to the AER draft decisions for the Vic distributors - January 2016

Authors
Jemena
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JEN - Attachment 06-08 CEG - Criteria for assessing fair value curves - January 2016

Authors
Jemena
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JEN - Attachment 06-09 CEG - Critique of the AER approach to transition - January 2016

Authors
Jemena
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JEN - Attachment 06-10 CEG - September 2015 cost of debt and inflation forecasts - January 2016

Authors
Jemena
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JEN - Attachment 06-11 CEG - Critique of AER analysis of new issue premium - January 2016

Authors
Jemena
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JEN - Attachment 06-12 Frontier - The appropriate use of tax statistics when estimating gamma - January 2016

Authors
Jemena
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JEN - Attachment 07-01 Capital expenditure - January 2016

Authors
Jemena
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JEN - Attachment 07-03 Demand forecast - January 2016

Authors
Jemena
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JEN - Attachment 07-04 ACIL Allen - Demand forecast report - January 2016

Authors
Jemena
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JEN - Attachment 07-06 Load Demand Forecasts 2015 - January 2016

Authors
Jemena
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JEN - Attachment 07-07 Customer numbers - January 2016

Authors
Jemena
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JEN - Attachment 07-08 ACIL Allen - Forecast customer numbers report - January 2016

Authors
Jemena
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JEN - Attachment 07-10 Nuttall Consulting - Addendum to April 2015 independent analysis of repex - January 2016

Authors
Jemena
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JEN - Attachment 07-11 WSPPB - Independent review of Sunbury development strategy - January 2016

Authors
Jemena
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JEN - Attachment 07-12 Addendum to Sunbury network development strategy - January 2016

Authors
Jemena
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JEN - Attachment 07-13 WSPPB - Independent review of Flemington development strategy - January 2016

Authors
Jemena
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JEN - Attachment 07-14 Revised Flemington network development strategy - January 2016

Authors
Jemena
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JEN - Attachment 07-15 WSPPB - Independent review of Preston development strategy - January 2016

Authors
Jemena
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JEN - Attachment 07-16 Advisian - Demand management options - January 2016

Authors
Jemena
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JEN - Attachment 07-17 Power of Choice business case - January 2016

Authors
Jemena
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JEN - Attachment 07-18 DAE - Power of Choice business case support - January 2016

Authors
Jemena
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JEN - Attachment 07-19 Melbourne Airport network development strategy - January 2016

Authors
Jemena
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JEN - Attachment 07-20 Addendum to Preston network development strategy - January 2016

Authors
Jemena
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JEN - Attachment 08-01 Operating expenditure - January 2016

Authors
Jemena
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JEN - Attachment 08-02 Operating expenditure step changes - January 2016

Authors
Jemena
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JEN - Attachment 08-04 IJM Consulting - Audit report - January 2016

Authors
Jemena
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JEN - Attachment 08-05 Select Solutions - letter on JEN vegetation growth rates - January 2016

Authors
Jemena
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JEN - Attachment 08-06 Susan Brennan SC - Advice on vegetation management matters - January 2016

Authors
Jemena
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JEN - Attachment 08-07 Letter from JEN to ESV 23 Nov 15 - January 2016

Authors
Jemena
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JEN - Attachment 08-08 Letter from ESV to Jemena 30 Nov 15 - January 2016

Authors
Jemena
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JEN - Attachment 08-09 Letter from ESV to Jemena 27 Nov 15 - January 2016

Authors
Jemena
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JEN - Attachment 08-10 KPMG - Definition of RIN actuals - January 2016

Authors
Jemena
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JEN - Attachment 08-11 Business case for RIN actuals - January 2016

Authors
Jemena
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JEN - Attachment 08-12 PB - Conversion of RIN information to actuals - January 2016

Authors
Jemena
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JEN - Attachment 09-01 Alternative control metering services - January 2016

Authors
Jemena
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JEN - Attachment 09-07 Huegin - Benchmarking Vic meting expenditure 2009-14 - January 2016

Authors
Jemena
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JEN - Attachment 09-08 KPMG - Report on metering base year adjustment - January 2016

Authors
Jemena
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JEN - Attachment 10-01 Alternative control services and other negotiated services - January 2016

Authors
Jemena
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JEN - Attachment 10-05 Revised Negotiating Framework - January 2016

Authors
Jemena
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Models

JEN - Attachment 05-02 JEN SCS Distribution - PTRM - January 2016

Authors
Jemena
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JEN - Attachment 05-03 JEN SCS Distribution - RAB RFM - January 2016

Authors
Jemena
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JEN - Attachment 05-05 JEN SCS Distribution - 2010 S-Factor Close Out - January 2016

Authors
Jemena
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JEN - Attachment 06-02 JEN SCS Distribution - Rate of Return Model - January 2016

Authors
Jemena
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JEN - Attachment 07-02 JEN SCS Distribution - Capex Forecast Model - January 2016

Authors
Jemena
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JEN - Attachment 07-09 ACIL Allen - Forecast customer numbers model - January 2016

Authors
Jemena
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JEN - Attachment 07-21 Updated EDPR and CA RIN templates - January 2016

Authors
Jemena
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JEN - Attachment 08-03 JEN SCS Distribution - Opex Forecast Model - January 2016

Authors
Jemena
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JEN - Attachment 08-13 JEN SCS Distribution - GSL & Chapter 5A Step Change - January 2016

Authors
Jemena
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JEN - Attachment 09-02 JEN ACS Metering - PTRM - January 2016

Authors
Jemena
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JEN - Attachment 09-03 JEN ACS Metering - Capex Forecast Model - January 2016

Authors
Jemena
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JEN - Attachment 09-04 JEN ACS Metering - Opex Forecast Model - January 2016

Authors
Jemena
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JEN - Attachment 09-05 JEN ACS Metering - RAB RFM - January 2016

Authors
Jemena
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JEN - Attachment 09-06 JEN ACS Metering - Exit Fee Model - January 2016

Authors
Jemena
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JEN - Attachment 10-02 JEN ACS Public Lighting - Forecast Charges Model - January 2016

Authors
Jemena
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JEN - Attachment 10-03 JEN ACS Ancillary Network Services - Cost Build Up Model - January 2016

Authors
Jemena
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JEN - Attachment 10-04 JEN ACS Ancillary Network Services - Forecast Charges Model - January 2016

Authors
Jemena
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JEN - Demand forecast - ACIL Allen JEN electricity demand Summer system model 2014-15 final - January 2016

Authors
Jemena
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JEN - Demand forecast - ACIL Allen JEN electricity demand Winter system model 2014 final - January 2016

Authors
Jemena
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Confidentiality claims

The confidentiality template includes an approximate indication of the proportion and comparative proportion of material in Jemena's revised regulatory proposal for 2016-20 and Regulatory Information Notice (RIN) response that is subject to a claim of confidentiality compared to that which is not.

JEN - Attachment 01-01 Claims for Confidentiality - January 2016

Authors
Jemena Electricity Networks
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AER - Confidentiality claims by VIC distributors - Revised regulatory proposals - January 2016

Authors
AER
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Submissions - on preliminary decision

Submissions in response to the preliminary decision closed on 6 January 2016.

The AER may, but need not, consider a submission it receives after the consultation period has ended.

Eastern Alliance for Greenhouse Action - Submission on AER preliminary decision VIC EDPR 2016-2020 - 6 January 2016

Authors
Eastern Alliance for Greenhouse Action
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Origin Energy - Submission on AER preliminary decision VIC EDPR 2016-2020 - 6 January 2016

Authors
Origin Energy
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RESPAresearch - Submission on AER preliminary decision VIC EDPR 2016-20 - 1 December 2015

Authors
RESPAresearch
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Vector Ltd - Submission on AER preliminary decision VIC EDPR 2016-2020 - 21 December 2015

Authors
Vector Limited
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VECUA - Submission on AER preliminary decision VIC EDPR 2016-2020 - 6 January 2016

Authors
Victorian Energy Consumer and User Alliance (VECUA)
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Street Light Group of Councils - Submission on AER Preliminary Decision EDPR VIC 2016-20 - 6 Jan 2016

Authors
Street Light Group of Councils
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Late submissions - on preliminary decision

The AER may, but need not, consider a submission it receives after the consultation period has ended.

AGL - Submission on AER preliminary decision VIC EDPR 2016-2020 - 8 January 2016

Authors
AGL
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Victorian Government - Submission on AER preliminary decision VIC EDPR 2016-2020 - 14 January 2016

Authors
Victorian Government
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Submissions - on revised proposal

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Submissions on the revised proposals closed on 4 February 2016.

The AER may, but need not, consider a submission it receives after the consultation period has ended.

Ethnic Communities' Council of NSW - Submission on revised proposals VIC EDPR 2016-2020 - 20 January 2016

Authors
Ethnic Communities' Council of NSW Inc (ECC NSW)
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Victorian Government - Submission on revised proposals VIC EDPR 2016-2020 - 29 January 2016

Authors
Victorian Government
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ActewAGL Distribution - Submission on the AER's Draft Decision ActewAGL AA 2016-21 and contemporaneous resets - 4 February 2016

Authors
ActewAGL
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ActewAGL Distribution - Attachment - Response to VECUA submission - 4 February 2016

Authors
ActewAGL
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ActewAGL Distribution - Attachment - Frontier Economics Response to submissions on the relevance of the Transgrid sale - 4 February 2016

Authors
Frontier Economics
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Origin Energy - Submission on revised proposals VIC EDPR 2016-2020 - 4 February 2016

Authors
ActewAGL
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CitiPower - Submission on revised proposals VIC EDPR 2016-20 - 4 February 2016

Authors
CitiPower
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Powercor - Submission on revised proposals VIC EDPR 2016-20 - 4 February 2016

Authors
Powercor Australia
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United Energy - Submission on revised proposals VIC EDPR 2016-20 - 4 February 2016

Authors
United Energy Distribution
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United Energy - Attachment - ESQUANT Consulting Report - 4 February 2016

Authors
ESQUANT Statistical Consulting
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United Energy - Attachment - Frontier Economics Report on TransGrid sale - 4 February 2016

Authors
Frontier Economics
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Jemena - Submission on revised proposals VIC EDPR 2016-2020 - 4 February 2016

Authors
Jemena
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Jemena - 1 CEG - Best estimate of debt risk premium - February 2016

Authors
Competition Economists Group (CEG)
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Jemena - 2 Frontier - Relevance of the TransGrid sale - February 2016

Authors
Frontier Economics
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Jemena - Attachment 05.02 JEN SCS Distribution - PTRM - 4 February 2016

Authors
Jemena
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Jemena - Attachment 05.03 - JEN SCS Distribution - RAB RFM - 4 February 2016

Authors
Jemena
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Jemena - Attachment 06.02 - JEN SCS Distribution - Rate of Return Model - 4 February 2016

Authors
Jemena
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Jemena - Attachment 08.03 - JEN SCS Distribution - Opex Forecast Model - 4 February 2016

Authors
Jemena
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Jemena - Attachment 09.02 JEN ACS Metering - PTRM - 4 February 2016

Authors
Jemena
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Jemena - Attachment 09.04 - JEN ACS Metering - Opex Forecast Model - 4 February 2016

Authors
Jemena
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AusNet Services - Response to submissions on AER preliminary decision VIC EDPR 2016-20 - 4 February 2016

Authors
AusNet Services
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AusNet Services - Attachment 1 - GSL forecast opex build-up - 4 February 2016

Authors
AusNet Services
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AusNet Services - Attachment 2 - CEG memorandum - 4 February 2016

Authors
Competition Economists Group (CEG)
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Late submissions - on revised proposal

The AER may, but need not, consider a submission it receives after the consultation period has ended.

Victorian Government - Submission on revised proposals VIC EDPR 2016-2020 - 12 February 2016

Authors
Victorian Government
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