On 30 April 2015 the Victorian electricity distribution network service providers (DNSPs) AusNet Services, CitiPower, Jemena, Powercor and United Energy submitted their regulatory proposals and supporting information to the AER. The proposals cover the regulatory control period 1 January 2016 to 31 December 2020 and include information on the DNSPs’ proposed capital and operating expenditures for that period.
Regulatory proposal
Jemena - Fact Sheet Our forecast operating and capital costs - April 2015
Supporting information - Attachments and appendices
Jemena - Attachment 01-02 Statement of interdependencies - April 2015
Jemena - Attachment 03-01 ACIL Allen JEN electricity demand forecasts report - April 2015
Jemena - Attachment 03-03 ACIL Allen - Energy consumption forecasts - April 2015
Jemena - Attachment 03-05 JEN Demand Summary Report (ELE RP 0001) - April 2015
Jemena - Attachment 04-01 Our customer, stakeholder and community engagement - April 2015
Jemena - Attachment 04-02 Newgate - JEN - Community and small business consultation report - April 2015
Jemena - Attachment 05-03 Application of incentive schemes - April 2015
Jemena - Attachment 05-05 Innovation and technology investment - April 2015
Jemena - Attachment 06-07 SFG - Estimating gamma for regulatory purposes - April 2015
Jemena - Attachment 06-08 NERA - Estimating distribution and redemption rates from tax statistics - April 2015
Jemena - Attachment 06-09 Guy Debelle - Global and domestic influences on the Australina bond market - April 2015
Jemena - Attachment 06-10 G Swier - Economic considerations for the intepretation of the NEO - April 2015
Jemena - Attachment 07-01 Historical capital expenditure report for the 2011 regulatory period - April 2015
Jemena - Attachment 07-02 Asset management framework and governance (ELE PL 0024) - April 2015
Jemena - Attachment 07-03 Forecast capital expenditure report for 2016 regulatory period - April 2015
Jemena - Attachment 07-05 Asset Management Plan 2016-20 (ELE PL 0004) - April 2015
Jemena - Attachment 07-06 20 Year SAMP-Electricity (ELE PL 0019) - April 2015
Jemena - Attachment 07-07 IT Asset Management Plan (2016-2020) - April 2015
Jemena - Attachment 07-09 JEN cost allocation methodology - April 2015
Jemena - Attachment 07-10 JEN cost estimation methodology - April 2015
Jemena - Attachment 07-11 Nuttall Consulting - Independent analysis of replacement expenditure - April 2015
Jemena - Attachment 07-12 Nuttall Consulting - Independent analysis of augmentation expenditure - April 2015
Jemena - Attachment 07-13 Jacobs - Real cost escalation indices forecast - April 2015
Jemena - Attachment 07-14 Directors' certification of reasonableness of assumptions - April 2015
Jemena - Attachment 08-01 Historical operating expenditure report for 2011 regulatory period - April 2015
Jemena - Attachment 08-02 Operating expenditure forecasting method and base year efficiency - April 2015
Jemena - Attachment 08-04 The role of benchmarking and predictive modelling - April 2015
Jemena - Attachment 08-05 Huegin expert report on benchmarking, rate of change and productivity - April 2015
Jemena - Attachment 08-06 Operating expenditure step changes - April 2015
Jemena - Attachment 08-07 Incenta - Report on debt raising transaction costs - April 2015
Jemena - Attachment 08-08 BIS Shrapnel - Real labour and material cost escalation forecasts to 2020 - April 2015
Jemena - Attachment 09-03 - Averaging period proposal - June 2015 (updated version provided by Jemena - 24 June 2015)
Jemena - Attachment 09-04 - SFG - Beta and the Black CAPM - April 2015
Jemena - Attachment 09-05 - SFG - Using the Fama-French model to estimate the required return on equity - April 2015
Jemena - Attachment 09-06 - SFG - Dividend discount model - April 2015
Jemena - Attachment 09-07 - SFG - Required return on equity for the benchmark efficient entity - April 2015
Jemena - Attachment 09-08 - NERA - Empirical performance of the Sharpe-Lintner and Black CAPMs - April 2015
Jemena - Attachment 09-09 - NERA - Historical estimates of the market risk premium - April 2015
Jemena - Attachment 09-11 - SFG - Review of the AER return on equity foundation model - April 2015
Jemena - Attachment 09-12 - Incenta - Report on the required return on equity from independent expert reports - April 2015
Jemena - Attachment 09-13 - Grant Samuel letter response to the AER draft decision (for JGN) - April 2015
Jemena - Attachment 09-14 - SFG - Return on debt transition - April 2015
Jemena - Attachment 09-15 - CEG - Critique of the AER's JGN draft decision on the cost of debt - April 2015
Jemena - Attachment 09-17 - UBS - Transaction costs in the hybrid transition - April 2015
Jemena - Attachment 10-01 - Appendix F - Indicative NUOS prices - April 2015
Jemena - Attachment 10-01 - Draft Tariff Structure Statement (TSS) - April 2015
Jemena - Attachment 11-03 - Public lighting charges explanatory statement - April 2015
Jemena - Attachment 11-05 - User-requested services explanatory statement - April 2015
Jemena - Attachment 11-06 - Metering exit fee application - April 2015
Models
Jemena - Attachment 06.01 JEN Post-Tax Revenue Model - Distribution - April 2015
Jemena - Attachment 06.02 JEN Post-Tax Revenue Model - Metering - April 2015
Jemena - Attachment 06.03 JEN Roll-Forward Model - Distribution - April 2015
Jemena - Attachment 06.05 JEN 2010 S-factor Close Out Model - April 2015.
Jemena - Attachment 09.01 JEN Rate of Return Forecast Model - April 2015
Jemena - Attachment 11.02A JEN Public Lighting Charges Model - April 2015
Jemena - Attachment 11.02B JEN Public Lighting Interim Model - April 2015
Jemena - Attachment 07.04 - JEN Capex Forecast Model - updated July 2015
Jemena - Attachment 07.15 - JEN Capex Forecast Model - Metering - April 2015
Jemena - Attachment 03-04 ACIL Allen JEN electricity consumption model - April 2015
Jemena - REG-JEN 011 - EDPR16 - JEN Tax Loss Calculation Model - IP06 - 30 April 15
Jemena - ACIL Allen electricity demand: Summer spatial model-updated 6-11 - April 2015
Jemena - ACIL Allen electricity demand: Summer system model - April 2015
Jemena - ACIL Allen electricity demand: Winter spatial model-updated 6-11 - April 2015
Jenema - ACIL Allen electricity demand: Winter system model - April 2015
Jemena - Attachment 11.02A - JEN Public Lighting Charges Model (updated) - 28 August 2015
Regulatory information notice
Jemena - REG-JEN 035 Cover letter JEN response to reset RIN - April 2015
Jemena - REG-JEN 012 Reset RIN template - Basis of preparation - April 2015
Confidentiality claims
The confidentiality template includes an approximate indication of the proportion and comparative proportion of material in Jemena's regulatory proposal for 2016-20 and Regulatory Information Notice (RIN) response that is subject to a claim of confidentiality compared to that which is not.
Jemena - REG-JEN 034 EDPR RIN response Confidentiality claims - April 2015
AER - Confidentiality claims by VIC distributors (CitiPower, Powercor, Jemena, AusNet Services, United Energy)
Proposed negotiated distribution service criteria
The AER has published its proposed negotiated distribution service criteria (NDSC) to apply to CitiPower, Powercor, Jemena, AusNet Services and United Energy for the 2016-20 regulatory control period. The negotiating criteria set out the principles that distribution network service providers must adhere to in negotiating terms and conditions for negotiated distribution services.
Submissions
Submissions on Jemena's regulatory proposal closed on Monday 13 July 2015.
Cardina Shire Council - Submission on proposed Negotiated Distribution Service Criteria - 1 July 2015
CitiPower Powercor - Submission in response to the AER's public lighting forum - 13 July 2015
City of Greater Dandenong - Proposes changes to regulation of public lighting - 10 July 2015
City of Greater Geelong - Proposed Negotiated Distribution Service Criteria - 13 July 2015
City of Mooney Valley - Changes to the regulation of distributor charges for street lighting - 7 July 2015
CITELUM - Submission on proposed Negotiated Distribution Service Criteria - 24 June 2015
CITELUM - Attachment 1 - Submission on proposed Negotiated Distribution Service Criteria - 2 July 2015
CITELUM - Attachment 2 - Submission on proposed Negotiated Distribution Service Criteria - 2 July 2015
CUAC - RE Victorian electricity distribution pricing review (EDPR), 2016 to 2020 - 13 July 2015
DEDJTR - Submission to Victorian electricity distribution pricing review – 2016 to 2020 - 13 July 2015
East Gippsland Shire Council - Submission - Negotiation for Dedicated Public Lights - 13 July 2015
ERAA - RE Issues Paper - Victorian electricity distribution pricing review 2016-2020 - 13 July 2015
Glen Eira City Council - Electricity Distribution Price Review - Submission - 10 July 2015
Indigo Shire Council - Submission: dedicated public lighting assets - 22 July 2015
Jemena - Submission to Jemena Electricity Network Ltd 2016-20 regulatory proposal - 13 July 2015
Gannawarra Shire Council - Submission on proposed negotiation process for dedicated public lighting - 16 July 2015
Jemena - Attachment 1 [Attachment 08.03] - JEN Opex Forecast Model - 13 Jul 15
Jemena - Attachment 3 - JEN response to RIS - vegetation management - 13 Jan 2015
Latrobe City Council - Australian Energy Regulator (AER) and dedicated public lighting - 13 July 2015
Jemena - Attachment A - Rate of return and gamma material - 13 July 2015
Murrindindi Shire Council - Submission on proposed changes to regulation of public lighting - 17 July 2015
Origin Energy - Re Submission to Victorian Electricity Distributors Regulatory Proposals - 13 July 2015
O-I Glass - Re Victoria Distribution Networks 2016 – 2020 Determination - 13 July 2015
TTEG - Submission on Vic DNSPs regulatory proposals and AER's proposed negotiated service criteria - 21 July 2015
VECUA - Submission to the AER Victorian Distribution Networks’ 2016-20 Revenue Proposals - 13 July 2015
Victorian Greenhouse Alliances - Attachment I DNSP Local Gov Policy Framework - 13 July 2015
Victorian Greenhouse Alliances - Attachment II Local Goverment Survey Results - 13 July 2015
Victorian Greenhouse Alliances - Attachment III VSPLAG Evaluation of Low Energy Lights Minor Roads - 13 July 2015
Victorian Greenhouse Alliances - Attachment IV Bulk Change Luminaire Failure Rates - 13 July 2015
Victorian Greenhouse Alliances - Attachment V DNSP Public Light Cost Build Up Summary - 13 July 2015
Yarra Ranges Council - Submission - AER regulation of dedicated street lighting - 13 July 2015
Issues paper
On 10 June 2015 the AER released an Issues paper on Jemena's regulatory proposals. The paper sets out our initial impressions of the distributors' proposals, including what we think will be some of the key issues for our assessment. We hope this paper is helpful for readers to form their own views on the distributors' proposals. The issues paper signals the commencement of a comprehensive consultation process.
We have also released a Consumer guide to the Victorian electricity distribution pricing review 2016–20. This guide is intended to give stakeholders a better understanding of our process for reviewing electricity distribution proposals.
On 30 June 2015 the AER released an addendum to the Issues paper to explain in more detail the differences between the Victorian businesses return on debt proposals that were not identified in the original version of the Issues paper.
Stakeholder forum - Regulatory proposals
On 22 June 2015, the AER held a public forum in Melbourne on the revenue proposals submitted by the Victorian electricity distribution network service providers including Jemena. A large number of stakeholders attended the forum.
The presentations from the Consumer Challenge Panel are the independent views of CCP members and do not necessarily reflect the views of the AER.
AER - AER Public Forum Victorian Electricity Distribution Determination Agenda - 22 June 2015
AER - AER Public Forum Victorian Electricity Distribution Determination Presentation - 22 June 2015
CCP - AER Public Forum Victorian Electricity Distribution Determination Presentation - 22 June 2015
Jemena - AER Public Forum Victorian Electricity Distribution Determination Presentation - 22 June 2015
Stakeholder forum - Demand forecast workshop
On Wednesday 15 July 2015 the AER held a demand forecast workshop. AEMO and the Victorian distribution businesses presented information on demand forecasts to inform the preliminary and final decisions for the 2016–20 regulatory control period.
AEMO - Victorian transmission connection point forecasts - 15 July 2015
Stakeholder forum - Demand management workshop
On 30 July 2015 the AER held a demand management workshop. At the workshop both the AER and the Victorian electricity distributors made presentations.