Joint DB letter to AER - Victorian Government intention to change the electricity distribution regulatory year from a calendar to financial year - 13 May 2019

The Victorian Minister for Energy, Environment and Climate Change has written to the AER and the Victorian distribution businesses indicating the government’s intention to change the timing of the annual Victorian electricity and gas network prices changes. The change would bring Victoria into alignment with the other NEM states to operate on a financial –rather than calendar- year basis. The intention is for this change to come into effect for the next regulatory control period. This will mean extending the current regulatory period by 6 months. Whilst the change still requires passage through Victorian parliament to give effect through legislation, the AER has responded to correspondence from the distribution businesses regarding compliance under the NER.