Capital expenditure
We forecast a 39 per cent increase in capex in the 2024-29 regulatory period compared to the 2019-24 current period.
Operating expenditure
We forecast a 13 per cent decrease in operating expenditure in the 2024-29 regulatory period compared to the 2019-24 current period.
Revenue
There is considerable uncertainty in financial markets that have resulted in a marked increase in the rate of return since we met with our customers.
Metering services
For the 2024-29 regulatory period, we are proposing to continue installing smart meters for all new and replacement installations, including the ongoing replacement of our mechanical meters that have exceeded their operational life.
Tariffs for a new age
We set network tariffs each year to collect the revenue allowance set by the AER.