The Australian Energy Regulator (AER) is holding a forum for stakeholders to discuss its proposed changes to its regulatory investment tests (RITs) application guidelines. The forum follows the release of the AER’s draft RIT application guidelines on 27 July 2018.
A RIT is a cost–benefit analysis that network businesses perform and consult on before making major investments in their networks. When undertaking RITs, network businesses must consider all options, including non-network options, before identifying the best way to address needs on their networks.
The AER currently has separate RITs for transmission and distribution networks – the ‘RIT-T’ and ‘RIT-D’. Each RIT has its own application guidelines that guide businesses on how to apply the RITs consistently and transparently. We are currently reviewing this guidance.
The forum will provide stakeholders with the opportunity to seek clarification on how different views have been incorporated into the draft RIT application guidelines. Attendees are encouraged to question and test the proposed guidance to help make the RIT application guidelines clearer and more useful.
AER Board member, Jim Cox will host the discussion forum as a videoconference across AER offices on 29 August 2018. The AER recommends attendees familiarise themselves with the draft RIT application guidelines beforehand.
To attend the forum, please email RIT
aer [dot] gov [dot] au (RIT[at]aer[dot]gov[dot]au) by COB 22 August 2018. When registering, please nominate the location you wish to attend.
Details
Date: Wednesday 29 August 2018
Location: Videoconference across AER/ACCC offices in:
- Adelaide: Level 2, 19 Grenfell Street
- Brisbane: Level 24, 400 George Street
- Canberra: 23 Marcus Clarke Street
- Hobart: Level 2, 70 Collins Street
- Melbourne: Level 17, 2 Lonsdale Street
- Sydney: Level 20, 175 Pitt Street
- Townsville: Suncorp Plaza Suite 2 Level 9, 61-73 Sturt Street
RSVP: Email RIT
aer [dot] gov [dot] au (RIT[at]aer[dot]gov[dot]au) by COB Wednesday 22 August 2018General inquiries: RIT
aer [dot] gov [dot] au (RIT[at]aer[dot]gov[dot]au) or Lisa Beckmann at (02) 6243 1379