Type
Sector
Electricity
Segment
Distribution
Issue date
AER reference
AC 60/21
Contacts

The Australian Energy Regulator (AER) has approved TasNetworks’ 2021-22 electricity pricing proposal in accordance with its 2019–24 distribution determination.

This is the third year of the 2019–2024 determination for TasNetworks. The determination sets revenues to recover the cost of delivering electricity supply to customers over five years. Each year TasNetworks submits to the AER for approval a pricing proposal that contains the network tariffs it proposes to charge its customers to recover its revenues and transmission network charges.

In 2021-22, the network tariff component of the typical annual bill for TasNetworks customers is $22 higher for households and $55 higher for small business, compared to the previous year. This will come into effect from 1 July 2021.

The network tariff increases are driven by the increasing revenue path set in our determination, reward payments under the service target performance incentive scheme, and a marginal decline in forecast energy consumption.

More information can be found on TasNetworks’ pricing proposal, our role in reviewing the proposal, and our decision to approve in our Statement of Reasons.

Electricity bills are made up of a number of components including the wholesale cost, retail margins, and network charges. This decision relates to the network tariff component of the bill only. What customers ultimately pay will be informed by all bill components.

The AER acknowledges that energy bills are a concern to many households and businesses. We encourage consumers to use the AER’s EnergyMadeEasy website, our free and independent price comparison tool, to find the best deal to suit their energy needs.