Following recent consultation with stakeholders, the Australian Energy Regulator (AER) has decided to delay its final 2020-25 network revenue determinations due on 30 April 2020.The AER now intends to release its final decisions on 29 May 2020 for the following businesses:
- SA Power Networks
- Energex
- Ergon Energy
- Directlink
- Jemena Gas Networks
The short delay is to allow the AER to use short-term forecasts of inflation from the Reserve Bank expected on 8 May 2020. This will allow the AER to include a more accurate reflection of the economic circumstances in our decision for the next regulatory control period.
We will provide SA Power Networks, Energex and Ergon Energy the indicative information they require to commence preparing their annual pricing proposals for 1 July 2020 prices. JGN and Directlink do not need any early indicative information to prepare prices for 1 July 2020.
A revised timeline for each businesses process and other supporting information has been published here.
Background
On 20 April 2020 we proposed to delay our decisions to allow us to use short-term forecasts of inflation from the Reserve Bank expected on 8 May 2020 and invited submissions closing 27 April 2020.
The AER received a number of submissions and considered them in making this decision.