AER - Explanatory Statement to the Electricity Transmission Service Target Performance Incentive Scheme Version 6 - April 2025

On 17 April 2025, the AER published the final service target performance incentive scheme (STPIS) version 6 for TNSPs and an accompanying explanatory document. 

Our final positions are to:

• amend the loss of supply event frequency parameter of the Service Component
• suspend the Market Impact Component, and we will explore developing an effective alternative by establishing a working group with AEMO and key stakeholders, and
• amend the Network Capability Component to make it a more streamlined process.

This STPIS review and the publication of the final decision has been conducted in accordance with clause 6A.7.4 of the Electricity Rules.

In line with AER practice this scheme has been published on our AER scheme register. 

On 17 April 2025 the AER published the final STPIS version 6 and an accompanying Explanatory Statement.