On 28 October 2024 Energex submitted a cost pass through application to the AER, seeking to recover costs incurred as a result of severe storms experienced in South East Queensland (SEQ) over an 11 day period from December 2023 to January 2024.
This severe weather event caused extensive damage to Energex’s network and interrupted supply to approximately 130,000 customers.
Energex submitted that it has incurred total incremental costs of $28.5 million ($2023–24) across capital and operating expenditure. As a result, Energex is proposing an increase in its revenue allowance of approximately $11.1 million ($nominal, smoothed) to be recovered in 2025–26, the first year of its next regulatory control period.
