Overview

Decision

The Victorian Government has determined to move the access arrangement periods of the state's gas distribution businesses from a calendar year access arrangement period to a financial year basis. This change means all full access arrangements for gas distribution businesses the Australian Energy Regulator (AER) regulates will have financial year based regulatory years.

This means the next access arrangement period for the Victorian gas distribution businesses will commence on 1 July 2023. The Order in Council made by the Victorian Minister under section 64 of the National Gas (Victoria) Act 2008 (Vic) that was published in the Victorian Government Gazette G39 30 September 2021 (Order), amends the revision commencement date for the 2018–2022 access arrangements to 1 July 2023. The Order also provides that the six month period of 1 January 2023 to 30 June 2023 is taken to be an extra regulatory year of the 2018–2022 access arrangements (applicable access arrangement extension period).

The Order declares that the 2018 Rate of Return Instrument applies to the applicable access arrangement extension period for each of the 2018–2022 access arrangements. The Order also provides that, for the purposes of giving effect to the change of the access arrangement period from the calendar to financial year basis, the AER may modify the application of the 2018 Instrument to the applicable access arrangement extension period. The Order requires the AER to publish any such modification.

In accordance with the Order the AER has made a modified rate of return instrument that applies to the applicable access arrangement extension period of 1 Jan 2023 to 30 June 2023. This is published below along with an explanatory statement to this modified rate of return instrument.

Explanatory Statement - Modified Rate of Return Instrument - Six month extension period for Vic Gas DNSPs - October 2021

Authors
AER
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Modified Rate of Return Instrument - Six month extension period for Vic Gas DNSPs - October 2021

Authors
AER
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Illustrative example - Vic gas regulatory period change - trailing average weights

Authors
AER
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Position - Six-month extension of access arrangements

The AER has published a position paper, amended Post Tax Revenue Model, and amended depreciation tracking module setting out its proposed approach to the determination of revenue and prices for the 1 January to 30 June 2023 extension period. We have also published the amended Roll Forward Model (incorporating the extension period), which is to be used for the determination of revenue and prices for the subsequent period commencing 1 July 2023.

These will inform both the requirements of the April 2022 proposals and the basis for our decisions.

Position paper: Approach to six-month extension of access arrangements for Victorian gas distributors - November 2021

Authors
AER
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AER - Amended gas distribution PTRM - half year extension - December 2021

Authors
AER
Content type
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AER - Amended gas distribution RFM - half year extension - December 2021

Authors
AER
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AER - Amended gas distribution tracking module - half year extension - December 2021

Authors
AER
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Submissions - Position paper

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Interested parties were invited to make submissions on our proposed approach by 3 December 2021.

AGIG - Response six month extension position paper - 3 December 2021

Authors
Australian Gas Infrastructure Group (AGIG)
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AusNet Services - Submission to AER - Six Month approach - 3 December 2021

Authors
AGN and AusNet Services
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CCP28 - Gas Distribution Businesses Extension Advice - 7 December 2021

Authors
CCP28
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Proposal

MGN Variation Proposal H1 2023 - Proposal - April 2022

Authors
MGN
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MGN Variation Proposal H1 2023 - Attachment 1.1 - Relevant regulatory framework - April 2022

Authors
MGN
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MGN Variation Proposal H1 2023 - Attachment 1.2 - Confidentiality claims - April 2022

Authors
MGN
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MGN Variation Proposal H1 2023 - Attachment 1.3 - PTRM - Updated May 2022

Authors
MGN
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MGN Variation Proposal H1 2023 - Attachment 1.4 - Roll Forward Model - Updated May 2022

Authors
MGN
Content type
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MGN Variation Proposal H1 2023 - Attachment 1.5 - Depreciation Model - Updated May 2022

Authors
MGN
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MGN Variation Proposal H1 2023 - Attachment 1.6 - Six month extension opex - April 2022

Authors
MGN
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Document

MGN Variation Proposal H1 2023 - Attachment 1.7 - Six month extension capex - April 2022

Authors
MGN
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Document

Draft decision - Six-month extension of access arrangements

AER - Draft decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - July 2022

Authors
AER
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AER - Draft decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - PTRM - July 2022

Authors
AER
Content type
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AER - Draft decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - Depreciation Module - July 2022

Authors
AER
Content type
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AER - Draft decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - ECM - July 2022

Authors
AER
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AER - Draft decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - opex - July 2022

Authors
AER
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AER - Draft decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - RFM -July 2022

Authors
MGN
Content type
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Revised proposal - MGN response to draft decision on extension period

On 2 September MGN submitted its response to the AER's draft decision on the extension period.

MGN Victoria - Revised Variation Proposal H1 2023 - Response to DD - Overview

Authors
MGN
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MGN Victoria - Variation Proposal H1 2023 - Attachment 1.3 - PTRM - Final Submission

Authors
MGN
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MGN Victoria - Variation Proposal H1 2023 - Attachment 1.4 - Roll Forward Model - Final submission

Authors
MGN
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MGN Victoria - Variation Proposal H1 2023 - Attachment - 1.5 Depreciation Model - Final Submission

Authors
MGN
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MGN Victoria - Revised Variation Proposal H1 2023 - Attachment 1.6A - Revised opex forecast

Authors
MGN
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MGN Victoria - Revised Variation Proposal H1 2023 - Attachment 1.9 - Revised Efficiency Carryover Mechanism - 20220902

Authors
MGN
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Submissions

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Interested stakeholders were invited to make submissions on our draft decision and MGN's response by 30 September 2022.

Origin Energy - Submission to Victorian gas access arrangement proposals - September 2022

Authors
Origin Energy
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Red Lumo - Draft decision - 1 January to 30 June 2023 extension period - October 2022

Authors
Red Energy & Lumo Energy
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Final decision - Six-month extension of access arrangements

On 23 November 2022 the AER published its final decision on the extension period.

AER - Final decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - November 2022

Authors
AER
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AER - MGN 1 January 2023 reference tariff schedule - November 2022

Authors
AER
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AER - MGN - PTRM - HY2023 Final decision - November 2022

Authors
AER
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AER - MGN - Depreciation Module - HY2023 Final decision - November 2022

Authors
AER
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AER - MGN - 2018-22 RFM - HY2023 Final decision - November 2022

Authors
AER
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AER - Final decision MGN access arrangement 1 January to 30 June 2023 extension period - opex - November 2022

Authors
AER
Content type
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AER - Final decision MGN gas distribution access arrangement 1 January to 30 June 2023 extension period - ECM - November 2022

Authors
AER
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Document