In line with our final decision on AusNet Services’ electricity transmission network, we have updated AusNet Services’ return on debt for 2018–19 under NER cl 6A.6.2(l).
As a result of this update, the return on debt for 2018–19 is 4.95 per cent. This results in an X-factor for 2018–19 of 1.08 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 AusNet Services' electricity transmission network, we have updated AusNet Services' return on debt for 2019-20 under NER cl. 6A.6.2(l).
As a result of this update, the return on debt for 2019-20 is 4.93 per cent. This results in an X-factor for 2019-20 of 1.18 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 AusNet Services' electricity transmission network, we have updated AusNet Services' return on debt for 2020-21.
As a result of this update, the return on debt for 2020-21 is 4.78 per cent. This results in an X-factor for 2020-21 of 1.64 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 AusNet Services' electricity transmission network, we have updated AusNet Services' return on debt for 2021-22.
As a result of this update, the return on debt for 2021-22 is 4.57 per cent. This results in an X-factor for 2021-22 of 1.91 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.
On 29 September 2020, the AER released its decision on AusNet Services' 500kV transmission line tower collapse cost pass through application. AusNet Services’ application related to $25.8 million ($2020-21) in additional costs AusNet Services has incurred and will incur to restore transmission services and replace collapsed 500kV dual circuit transmission line towers on the Moorabool–Mortlake and Moorabool–Haunted Gully transmission lines in south western Victoria as a result of an extreme weather event that occurred on 31 January 2020.