AER delays final decision on 2020-25 Revised Regulatory Proposal
Following consultation with stakeholders, the Australian Energy Regulator (AER) has decided to delay its final 2020-25 revenue determination for SA Power Networks to 29 May 2020.
The short delay is to allow the AER to use short-term forecasts of inflation from the Reserve Bank expected on 8 May 2020. This will allow the AER to include a more accurate reflection of the economic circumstances in its decision for the next regulatory control period.
Once the final determinations have been made, SA Power Networks and the AER will work together closely to enable new retail prices to be in places for 1 July 2020.
In the event the Reserve Bank does not publish new forecasts on 8 May 2020 the AER will publish its final decisions as soon as possible using the February short-term inflation forecasts to give certainty of prices over the five year regulatory period. A revised timeline will be published shortly in addition to submissions received during consultation on the proposed delay. You can read more here.