AER approves network tariffs

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The Australian Energy Regulator (AER) has approved the proposed 2019–20 distribution network tariffs for TasNetworks and Evoenergy.

These distribution network tariffs implement the first year of the AER’s 2019 distribution determination, which reduced the amount of revenue TasNetworks and Evoenergy could recover from their customers over 2019–24.

If retailers pass on the changes in distribution network tariffs in full and other components of the bill are unchanged, bills for TasNetworks residential consumers in 2019–20 will decrease by $16.64 and for small business customers, by $16.92.

In the case of Evoenergy, the impact of jurisdictional schemes will see an increase in overall network charges in 2019–20 by $44.57 for residential customers and $157.91 for small business customers.

In Tasmania, retail standing offer prices for residential and small business customers are regulated by the state regulator, the Office of the Tasmanian Economic Regulator, and network tariffs provide a key input into these regulated retail rates.

In the ACT, retail standing offer prices for residential and small business customers are regulated by the state regulator, the Independent Competition and Regulatory Commission, and network tariffs provide a key input into these regulated retail rates.

The AER decision on Evoenergy’s 2019–20 distribution network tariffs will result in no increase in overall revenue for Evoenergy for 2019–24.

The approved distribution network tariffs will take effect from 1 July 2019.

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