On 22 June 2022, the AER released its determination on AusNet Services' October 2021 storm cost pass through application. We are satisfied that the October 2021 storm met the definition of a natural disaster pass through event, and that the materiality threshold to constitute a positive change event has been met. The AER has approved a positive pass through amount of $6,166,728 ($nominal, smoothed) to be recovered over the following three regulatory years:
- $2,050,676 to be recovered in 2023–24
- $2,055,572 to be recovered in 2024–25
- $2,060,480 to be recovered in 2025–26