The Australian Energy Regulator (AER) has published further information submitted by APA Group in support of their conversion and revenue determination proposal for the Basslink interconnector.
In July 2023, the AER published our commencement and process paper, outlining our decision to run two concurrent processes for the assessment of converting the asset and a revenue determination for the asset should it be converted.
In line with the process paper, we will be releasing an Issues Paper in November and conducting stakeholder consultation on the conversion application and revenue determination proposal. We expect to make a final decision on the conversion application and the revenue determination, should the asset convert, by December 2024.
Background
On 19 May 2023, the AER received an application from APA Group to commence a conversion application and revenue determination process for the Basslink interconnector under rule 6A.9 of the National Energy Rules.
Basslink is a 500 MW undersea transmission cable which links Loy Yang in Victoria to George Town in Tasmania. It was built in 2006 and was subsequently acquired by APA Group in October 2022.