On 31 March 2023, Powercor submitted to the AER an annual pricing proposal for its Victorian distribution network for the period 1 July 2023 to 30 June 2024.
On 27 April 2023, Powercor submitted a revised pricing proposal and model in response to AER queries. This resubmission did not result in any changes to proposed prices.
On 4 May 2023, the AER approved Powercor's annual pricing proposal for the period 1 July 2023 to 30 June 2024. This was after assessing the pricing proposal as compliant with the NER and the AER's 2021–26 regulatory determination.