On 12 January 2012, Endeavour Energy applied to the AER for a retail project event pass through in relation to the sale of its retail business to Origin Energy in March 2011.
In its application Endeavour Energy stated that it did not intend to pass through any approved amount to its customers but had made the application to ensure that the cost impact on its network business would be taken into account in the operation of the AER’s efficiency benefit sharing scheme.
The Australian Energy Regulator (AER) has released its decision on Endeavour Energy’s pass through application. The AER’s decision is to approve a pass through amount of $48.8 million.