The Australian Energy Regular (AER) is the economic regulator for network service provision in Australia. Its function is to set the standards by which network service providers plan for, construct, operate and price their network services.
Its objective is to promote the efficient investment in, and efficient operation and use of, electricity services for the long-term interests of consumers of electricity with respect to price, quality, safety and reliability and security of electricity.
In July 2019 Power and Water will become the first non-interconnected network provider to come under these rules.
The AER will set the maximum amount of revenue Power and Water can recover based on its view of Power and Waters ‘efficient’ capital and operational forecasts, and the tariff structures Power and Water can apply to its customers.
The timeline and process to transition to the National Energy Regulator is outlined below.
On 29 November 2018 Power and Water submitted its revised five-year pricing and expenditure plan to the Australian Energy Regulator.
You can see Power and Water’s original submission, the AER’s subsequent draft determination and Power and Water’s revised proposal here at https://www.aer.gov.au/networks-pipelines/determinations-access-arrangements/power-and-water-corporation-determination-2019-24
You can make submissions on the AER’s draft decision and Power and Water Corporation's revised proposal by 11 January 2019. Submissions should be emailed to: NTPowerWater2019@aer.gov.au
Alternatively you may mail submissions to:
Mr Chris Pattas
Australian Energy Regulator
GPO Box 520
Melbourne, Vic, 3001
Note: The AER treats submissions as public documents unless otherwise requested.