AusNet Services (D) - Attachment 1 - Feb 24 Storm Distribution Pass Through Build up of costs - 20 June 2024

On 20 June 2024, AusNet Services submitted an application to the AER under clause 6.6.1 (a1)(5) of the National Electricity Rules for a positive pass through of costs related to the 13 February 2024 storm in Victoria. 

AusNet Services incurred total costs of $32.7 million ($2021), including $17.3 million in Guaranteed Service Level payments to affected customers, and $15.4 million for emergency response. 

AusNet Services’ application proposes to recover $26.5 million ($2021, smoothed) from electricity users through an increase in distribution prices in the remaining year of this regulatory period (1 July 2025 to 30 June 2026) and early in the 2026-31 regulatory period.