In line with our final decision on Powercor’s electricity distribution network, we have updated Powercor’s return on debt for 2017 under NER cl 6.5.2(l).
As a result of this update, the return on debt for 2017 is 5.41 per cent. This results in an X-factor for 2017 of 4.68 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 21 August 2017, the AER made a final decision on Powercor's contingent project application for tranche 1 of the REFCL installation program.
The revised PTRM shows the updated revenues.
In line with our final decision on Powercor's electricity distribution network, we have updated Powercor's return on debt for 2018 under NER cl 6.5.2(l).
As a result of this update, the return on debt for 2018 is 5.33 per cent. This results in an X-factor for 2018 of -0.81 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 15 December 2017 the AER wrote to Powercor setting out how it proposed to correct a mathematical error in the inflation calculation in its 26 May 2016 decision.
Subject to considering submissions on our proposed correction, the AER is proposing to revoke the 26 May 2016 determination and substitute it with a new determination to correct the identified error under clause 6.13 of the NER by no later than 1 March 2018.
On 31 August 2018, the AER made a final decision on Powercor's contingent project application for tranche two of the REFCL installation program.
The revised PTRM shows the updated revenues. The reference version of the 2018 debt update revocation and substitution PTRM can be found on the Final Decision Tab on this page.
In line with our final decision on Powercor's electricity distribution network, we have updated Powercor's return on debt for 2019 under NER cl. 6.5.2(l).
As a result of this update, the return on debt for 2019 is 5.23 per cent. This results in an X-factor for 2019 of –3.02 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 Powercor's electricity distribution network, we have updated Powercor's return on debt for 2020 under NER cl. 6.5.2(l).
As a result of this update, the return on debt for 2020 is 4.98 per cent. This results in an X-factor for 2020 of –2.40 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 13 January 2020, the AER made a final decision on Powercor's contingent project application for tranche three of the REFCL installation program.
The revised post-tax revenue model (PTRM) shows the updated revenues.