Transition to the Australian Energy Regulator (AER)
In 2013 the Northern Territory Government approved the Electricity Market Reform Program, which included transitioning Power and Water’s electricity network regulation from the local Utilities Commission to the Australian Energy Regulator (AER).
The AER is the economic regulator for network service provision across most of Australia. Its function is to set the standards by which network service providers operate and price their network services.
The AER regulates the revenues of Power and Water by setting the total revenue it may recover from its customers through retailers.
As the electricity distribution network service provider for the Northern Territory, this is the first determination being made for Power and Water under the National Electricity Law and Rules. The current determination for the period 2014 – 19 was made by the Utilities Commission of the Northern Territory.
The AER assumed responsibility for the economic regulation of Power and Water's electricity distribution services on 1 July 2015.
Power and Water’s draft determination by the AER plus Power and Water’s initial regulatory proposal are now available on the AER website.