In line with our final decision on Murraylink's electricity transmission network, we have updated Murraylink's 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 4.55 per cent. This results in an X-factor for 2019-20 of –3.86 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 Murraylink's electricity transmission network, we have updated Murraylink's return on debt for 2020-21. As a result of this update, the return on debt for 2020-21 is 4.38 per cent. This results in an X-factor for 2020-21 of -3.07 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 Murraylink's electricity transmission network, we have updated Murraylink's return on debt for 2021-22. As a result of this update, the return on debt for 2021-22 is 4.14 per cent. This results in an X-factor for 2021-22 of -3.31 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 Murraylink's electricity transmission network, we have updated Murraylink's return on debt for 2022-23. As a result of this update, the return on debt for 2022-23 is 4.09 per cent. This results in an X-factor for 2022-23 of -4.18 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.