The Australian Energy Regulator (AER) has approved the 2020-21 electricity distribution tariffs proposed by Evoenergy.
These tariffs comply with the requirements of the Evoenergy (ActewAGL) Determination 2019‑24. The Determination sets revenues to recover the cost of delivering electricity supply to customers over five years.
The network component of the typical annual bill for Evoenergy customers is $13.84 higher for households, and $47.49 higher for small business, compared to the previous year. This will come into effect from 1 July 2020.
The increase in network charges is driven by a number of factors, including the recovery of additional revenue to address previous under-recoveries and additional revenue having been approved relating to certain one-off events.
The average residential energy bill consists of several cost components including retail, wholesale, network and green costs. This decision relates to the network cost component only. As other costs may be moving in different directions, changes in retail bills may differ from the estimates provided. In addition, we note that the ACT Independent Competition and Regulatory commission regulates retail prices for small customers on standing offers.
The AER acknowledges that energy bills are a concern to many households and businesses at this time. We encourage consumers to use the AER’s EnergyMadeEasy website, our free and independent price comparison tool, to find the best deal to suit their energy needs.
The AER also acknowledges the impact COVID-19 is having on consumers and the industry. Our Statement of Expectations outlines how we are working with industry to support customers.