In line with our final decision on Directlink's electricity transmission network, we have updated Directlink's return on debt for 2021–22. As a result of this update, the return on debt for 2021–22 is 4.19 per cent. This results in an X-factor for 2021–22 of -1.51 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 Directlink's electricity transmission network, we have updated Directlink's return on debt for 2022–23. As a result of this update, the return on debt for 2022–23 is 4.14 per cent. This results in an X-factor for 2022–23 of -1.73 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 Directlink's electricity transmission network, we have updated Directlink's return on debt for 2023–24. As a result of this update, the return on debt for 2023–24 is 4.33 per cent. This results in an X-factor for 2023–24 of -2.86 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 Directlink's electricity transmission network, we have updated Directlink's return on debt for 2024-25. As a result of this update, the return on debt for 2024-25 is 4.48 per cent. This results in an X-factor for 2024-25 of -5.84 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.