Call for submissions on proposed amendment to the 2022 Rate of Return Instrument

The Australian Energy Regulator (AER) has today released a consultation paper for a proposed amendment to the 2022 Rate of Return Instrument (2022 Instrument). 

This proposed amendment is required because the 2022 Instrument as currently published cannot be applied to the Victorian electricity and gas distribution businesses. The issue specifically relates to continuing the trailing average cost of debt method modifications. These modifications were made so that it works with the 6 month extension period following the change to financial year regulatory periods.  

The consultation paper outlines why the 2022 Instrument as currently drafted cannot be applied to the affected Victorian businesses, and the legal powers available to amend the Instrument.   

Written submissions or a request to make a submission via alternative methods should be emailed to RateOfReturnaer [dot] gov [dot] au (RateOfReturn[at]aer[dot]gov[dot]au).