AER releases proposed amendments to electricity post-tax revenue models – request for submissions

The AER has released its proposed amendments to the transmission and distribution post-tax revenue models (PTRMs) under the National Electricity Rules. The proposed amendments give effect to the AER’s Rate of return guideline, and will allow for an annual update for the return on debt of a regulatory determination.

The PTRMs were also amended to allow for revenue adjustments likely to be required in the future, for example, the sharing of revenue from shared assets. Other minor presentational changes were also proposed.

The Explanatory statement explains the proposed amendments at a high level, and the AER’s reasons for its proposed approach. These proposed amendments are implemented in the amended PTRMs and revised PTRM handbooks.

Invitation for submissions

Interested parties are invited to make written submissions on the proposed amendments to the PTRMs to the AER by close of business, 17 November 2014.

We prefer that all submissions sent in an electronic format are in Microsoft Word or other text readable document form. Submissions should be sent electronically to AERInquiryaer [dot] gov [dot] au (AERInquiry[at]aer[dot]gov[dot]au)

Alternatively, submissions can be sent to:

Mr Warwick Anderson
General Manager – Networks Finance and Reporting Branch
Australian Energy Regulator
GPO Box 3131
Canberra ACT 2601

We prefer that all submissions be publicly available to facilitate an informed and transparent consultative process. Submissions will be treated as public documents unless otherwise requested. Parties wishing to submit confidential information are requested to:

• clearly identify the information that is the subject of the confidentiality claim
• provide a non-confidential version of the submission in a form suitable for publication.

All non-confidential submissions will be placed on our website. For further information regarding our use and disclosure of information provided to us, see the ACCC/AER Information Policy, June 2014.

Enquiries about this project, or about lodging submissions, should be directed to Kenny Yap on (02) 6243 1224.