We appreciate the opportunity to respond to the Australian Energy Regulator’s remade draft decision on the distribution determination for NSW electricity distributor, Endeavour Energy, for the 2014-19 regulatory control period.
We supported Endeavour Energy’s remittal proposal (in our letter to the AER of 16 April 2018), which was the result of our engagement with them to satisfactorily bring this matter to a close.
Energy Consumers Australia considers that the AER draft decision to accept Endeavour Energy’s proposal to recover total revenues of $4143.4 million ($, nominal) from consumers over the five-year 2014-19 regulatory control period is in the long-term interests of consumers.
As a result of the AER’s draft decision an estimated $227.1 million will be returned to consumers in the period 2019-24.
In the 2019-24 period we are engaging productively with Endeavour Energy to ensure consumers receive real reductions in the prices for network services.
The full submission can be read here.