This presentation was delivered by Shelley Ashe at the AER Public Forum event on 7 August 2019. The slides discuss Jemena Gas Networks’ 2020-25 access arrangement proposal and how it relates to the long term interests of consumers.
Affordability is a priority for households and small businesses and is Energy Consumers Australia’s focus in applying the long-term interests of consumers test when reviewing revenue proposals.
JGN’s estimate is that this proposal will result in bill savings of 11 per cent (or approximately $150) for the average residential customer over the period of the access arrangement. When combined with a ‘hand-back’ of over-recovered revenue during the current period (2015-2020), this will increase to 18 per cent, or $244.
This is welcome relief for consumers at a time when they are facing significant affordability challenges.
- Our vision for the market
- The long-term interests of consumers (LTIC) test
- The Pub Test
- Aligning interests
- Our regulatory philosophy
- What consumers are telling us
- Identifying the problem
- Timing – key observations
- Capital Expenditure Incentive Mechanism
- Where to from here?
The full presentation can be viewed here.