The Australian Energy Regulator (AER) has published the approved annual tariff variations for gas distribution and transmission pipeline businesses in New South Wales, Northern Territory, Queensland, South Australia, and Victoria for 2024–25.
This follows a thorough assessment by the AER of each of the network providers’ tariff variations and proposed drivers to ensure they are consistent with their current access arrangements.
All the gas network providers proposed increases to gas network tariffs this year, driven by inflation and the annual update to the regulated rate of return.
Our Statement of Reasons provides a summary of the changes in network charges and demand forecasts.
These network charges will be incorporated into retail gas prices by 1 July 2024. Retailers ultimately determine how these underlying network tariffs are reflected in the retail prices offered to customers.
This completes our annual assessment of annual tariff variations for gas network businesses in the 2024–25 period, following the earlier approval of Evoenergy’s proposed tariff variations on 7 May 2024.
View the approved proposals and our Statement of Reasons for the seven gas network providers here:
New South Wales
Northern Territory
Queensland
South Australia
Victoria
BACKGROUND
Gas bills are made up of the wholesale costs, retail margins, and network charges. Our annual pricing review relates only to the network charges component of the bill.
Every year regulated gas distribution and transmission pipeline businesses submit a tariff variation notice to us that contains the network tariffs they propose to charge their customers to recover their revenues.