In line with our final decision on AusNet Services' electricity distribution network, we have updated AusNet Services' return on debt for 2022–23. As a result of this update, the return on debt for 2022–23 is 4.50 per cent. This results in an X-factor for 2022–23 of 1.54 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.

On 22 June 2022, the AER released its decision on a positive cost pass through application received from AusNet Services. The application relates to the October 2021 storm that caused significant damage to parts of the network and interrupted supply to customers.

In line with our final decision on AusNet Services' electricity distribution network, we have updated AusNet Services' return on debt for 2023–24. As a result of this update, the return on debt for 2023–24 is 4.59 per cent. This results in an X-factor for 2023–24 of 0.59 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.

In line with our final decision on AusNet Services' electricity distribution network, we have updated AusNet Services' return on debt for 2024-25. As a result of this update, the return on debt for 2024-25 is 4.69 per cent. This results in an X-factor for 2024-25 of -0.42 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.

On 27 August 2024, the AER published its determination on AusNet’s Victorian Emergency Backstop Mechanism (VEBM) cost pass through application.  Our decision is to approve a positive pass through amount of $17.2 million (nominal, smoothed). AusNet Services will be able to recover this amount in the 2025–26 regulatory year.