Network pricing is a key component of our overall demand management strategy.
Every five years CitiPower, Powercor and United Energy submit Tariff Structure Statements to the Australian Energy Regulator (AER) in accordance with the National Electricity Rules. Our aim when developing these statements is to reduce long-term average charges for using our network by promoting efficient network investment and utilisation.
Like the revenue determination process, or regulatory reset, our Tariff Structure Statements go through a formal process of assessment. The assessment determines our revenue for the regulatory period, which is currently 2017-2020.
Our 2017-2020 Tariff Structure Statements can be viewed as follows:
- CitiPower Amended Tariff Structure Statement 2017-2020
- Powercor Amended Tariff Structure Statement 2017-2020
- United Energy Tariff Structure Statement 2017-2020
We then submit Annual Pricing Proposals each year that propose prices and quantity estimates to recover our total annual revenue allowance. Our proposals also set out proposed metering tariffs which cover the cost of the meter and meter data services.
Our most recent Annual Pricing Proposals for 2018 have been approved by the Australian Energy Regulator and will be effective from 1 January 2018. The proposals can be viewed as follows:
- CitiPower Annual Pricing Proposal 2018
- Powercor Annual Pricing Proposal 2018
- United Energy Annual Pricing Proposal 2018
We have already begun planning for the next Tariff Structure Statements for 2021-2025 which are due at the same time as our regulatory proposals in July 2019. This planning aligns with our modelling for our shared energy future. Important to planning is talking to customers and stakeholders about pricing and what possible changes could mean to them.
You can learn more about the Tariff Structure Statement process by visiting the AER website.