Today Consumers SA received the following advice from Jessica Vonthethoff, SA Power Network’s Manager Stakeholder Engagement:
“ We are pleased to advise that late this afternoon we lodged our 2020-25 Regulatory Proposal for managing the SA electricity distribution network with the Australian Energy Regulator.
If approved, the Proposal will deliver an average reduction of $40 for residential customers and $111 for small-to-medium-sized businesses from 1 July 2020. This is broadly consistent with likely outcomes outlined last August when our 2020-25 Draft Plan was released for consultation. Since then, there have been a number of regulatory decisions (on productivity, rate of return and taxation) – some of which have impacted our Proposal. We have also attempted to address feedback about customer price impacts by revising and refining the scope of some programs.
The extent of savings delivered to individual customers in 2020-21 will depend on the outcome of the regulatory process, how customers use energy, and to what extent retailers pass on the reduction in network charges.
There are still a number of steps before a final decision. The Regulator will conduct its own public consultations prior to issuing a Draft decision in September 2019. SA Power Networks will submit an updated Proposal in December this year and the Regulator will make a final decision in April 2020.
Within the next couple of weeks we will send an invitation for you to attend a Reference Group meeting in early March to discuss the Proposal in more detail.
In the meantime, I have attached a 2020-25 Regulatory Proposal fact sheet for your information, and invite you to read our Regulatory Proposal Overview, available on talkingpower.com.au. In a couple of weeks the AER will publish our full Regulatory Proposal (comprising the Overview, Customer and stakeholder engagement report, and 18 Attachments) on its website – when this happens we will let you know.
Thank you again for your important contribution to our 2020-25 Regulatory Proposal.”