Ausgrid is usually required to submit an annual network pricing proposal to the Australian Energy Regulator (AER) that reflects the efficient cost of providing a safe and reliable electricity supply to our customers. Once approved, retailers can decide how to incorporate the charges into customers’ final bills.
In order to provide certainty and stability to our customers and retailers Ausgrid will not increase network prices for the 2016/17 financial year in real terms.
This follows the Australian Competition Tribunal’s decision to set aside the AER’s revenue determination for the 2014-19 regulatory period. The AER has sought a judicial review of the decision and it may be some time until a final outcome is known.