TransGrid undertakes a revenue determination process, led by the Australian Energy Regulator (AER).
Why does TransGrid undertake a revenue determination process?
The AER’s revenue determination process exists to ensure that electricity transmission businesses recover a balanced amount of revenue from customers. Eeach regulatory period, TransGrid is required to provide the AER with a program of work and forecast the revenue needed to maintain and operate a safe, reliable, sustainable and affordable network.
What were the key dates and activities for TransGrid's 2018/19-2022/23 revenue determination?
| 30 June 2016 | Expenditure forecasting methodology submitted (TransGrid) | Complete |
| 31 Jan 2017 | Revenue proposal due (TransGrid) | Complete |
| Mar 2017 | Issues paper published (AER) | Complete |
| April 2017 | Public forum held (AER and Consumer Challenge Panel) | Complete |
May 2017
| Submissions close | Complete |
| 30 Sept 2017* | Draft decision published (AER) | Complete
|
| Oct 2017 | Predetermine conference held* (AER) | Complete
|
| 1 Dec 2017 | Revised regulatory proposal due* (TransGrid) | Complete
|
| 21 Jan 2018 | Submissions close*
| Complete
|
| Feb 2018 | Cross submissions close* | Complete
|
18 May 2018
| Final decision published (AER) | Complete
|
Key dates in the revenue determination process were set by the AER and can be viewed on the Determinations & Access Arrangements page of the AER website. Please refer to the AER 7 year regulatory determination calendar 2015-2022 document.
How did energy users and consumers contribue to the revenue determination?
TransGrid worked proactively with customers and stakeholders during the revenue determination process. The Proposal was shaped by a diverse range of energy-user insights to ensure we balanced the needs of customers, consumers and other stakeholders.
- Examples of stakeholder feedback that shaped the Revenue Proposal can be viewed on page 18 of the Stakeholder Engagement Summary Report.
- A dedicated Revenue Working Group was established to ensure the customer and consumer perspectives were considered in TransGrid's decision making. Comprised of industry and consumer representatives, the Group provided advice to TransGrid about planned operational and capital expenditure. The Revenue Working Group was a subsidiary of the TransGrid Advisory Council.
