On 24 October 2024, the AER received a revenue proposal from ACEREZ for the main CWO REZ network project. The revenue proposal sets out a schedule of quarterly payments that are proposed to be paid to ACEREZ as the network operator for the project. It also sets out mechanisms to adjust revenues over the term of the project. 

We will make our determination in accordance with the EII Act, the EII Regulation and the AER’s Revenue determination guideline for NSW contestable network projects. Under clause 50 of the EII Regulation we have 42 business days to make a determination (that is, by 23 December 2024). Prior to publishing the determination, we will assess any confidentiality claims made by ACEREZ in relation to our determination against the criteria in the EII Regulation. We expect our determination will be published in early 2025 and will set out the revenues permitted to be recovered by ACEREZ for the following five years.  

The Electricity Infrastructure Investment Regulation 2021 (EII Regulation) does not permit the AER to publish a revenue proposal from a Network Operator for contestable network projects.