In line with our final decision on JGN's gas transmission network, we have updated JGN's return on debt for 2021–22. As a result of this update, the return on debt for 2021–22 is 4.15 per cent. This results in an X-factor for 2021–22 of 4.54 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.

In line with our final decision on Jemena's gas distribution network, we have updated Jemena's return on debt for 2022–23. As a result of this update, the return on debt for 2022–23 is 4.11 per cent. This results in an X-factor for 2022–23 of 1.39 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.

In line with our final decision on Jemena's gas distribution network, we have updated Jemena's return on debt for 2023–24. As a result of this update, the return on debt for 2023–24 is 4.30 per cent. This results in an X-factor for 2023–24 of -3.49 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.

In line with our final decision on Jemena's gas distribution network, we have updated Jemena's return on debt for 2024-25. As a result of this update, the return on debt for 2024-25 is 4.46 per cent. This results in an X-factor for 2024-25 of -6.15 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.