The AusNet Services Draft Electricity Distribution Regulatory Proposal, 1 January 2021 to 31 December 2025 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).
AusNet is to be commended for stepping forward to trial a new approach to consumer engagement – the “New Reg” approach. “New Reg aims to provide networks with a model for ensuring that consumer preferences shape their future regulatory proposals.
Affordability continues to be the primary concern for consumers. Consumer contributions to fund business improvements, including customer service provision, must be clear, transparent, and reflect what the consumer is willing to pay.
The full submission can be read here.
Referenced analysis from Spencer&Co can be read in Appendix A.