The AER has today released an amended 2022 Rate of Return Instrument that will continue to apply the trailing average cost of debt method modifications applied to the Victorian electricity and gas distribution businesses.
We previously modified the 2018 Rate of Return Instrument to accommodate the Victorian Government’s decision to move Victorian electricity and gas distribution businesses from ‘calendar year’ regulatory years to ‘financial year’ regulatory years.
These modifications will be carried forward in the amended 2022 Rate of Return Instrument and will apply to regulatory determinations from now until the Rate of Return Instrument is remade.
The AER publicly consulted on the amendment prior to making our final decision and considered submissions received as part of this process.