AusNet Services owns and operates Victoria’s electricity transmission network, in addition to separate electricity and gas distribution networks in Victoria. The transmission network covers an area of approximately 227,600 square kilometres and serving a population of over 5.9 million people, or more than 2.1 million households and businesses. The Victorian network is centrally located among Australia’s five eastern states, and it provides important connections between South Australia, New South Wales and Tasmania.
Transmission Revenue Reset Process
As a regulated business, we are required to lodge a Revenue Proposal with the Australian Energy Regulator (AER) by 31 October 2020 setting out our proposed revenues and investment plans for the five-year regulatory period commencing 1 April 2022. The process for setting our revenue is referred to as the Transmission Revenue Reset (TRR). Our next five-year regulatory period for electricity transmission runs from 1 April 2022 to 31 March 2027.
Customer Advisory Panel
AusNet Services has established its first TRR Customer Advisory Panel to ensure that, to the extent possible, our Revenue Proposal reflects customers’ views and preferences. The Panel comprises of representatives from a range of customer advocacy groups, clean energy bodies, generators and the Victorian distribution businesses.
The Panel will be complemented by other customer engagement activities we intend to undertake, such as consultation with our existing Customer Consultative Committee (CCC) and one-on-one interviews with large customers.