The SA Power Networks Draft Plan 2020-25 represents the first milestone in the revenue determination process, as it seeks to gather stakeholder feedback to inform its revenue proposal to the Australian Energy Regulator (AER).
Consumers are looking to SA Power Networks to provide high quality services, at affordable prices. In return, they accept that investors should earn a fair return for their long-term investment in these regulated assets. We are looking to SA Power Networks to adopt long-term strategies, and revenue proposals that align the interests of their shareholders with the interests of their consumers.
We believe that SA Power Networks needs to consider the longer-term strategy beyond 2025 for developing a network that enables individual consumers to use electricity the way they want to. This strategy should be developed to ensure that any cost to consumers is minimised and passed through in a way that is affordable and does not lead to higher prices in the future.
The full submission can be read here.