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posted on:
August
04
2016

AER - VIC Network Revenues to Drop for 2017 Onwards

 

Source: The Age, 4 August 2016


Electricity and gas distributors such as Powercor, Citipower, United Energy and Jemena have launched legal action aimed at restricting the extent of price cuts that could flow through to households over the next few years.


Now, the state government has decided to back the regulator while separately pushing for the state and federal governments to limit the way power companies can challenge pricing decisions they dislike.


"The time has come for the COAG Energy Council to properly evaluate the appeals process to consider whether it is working in the interests of consumers," Victorian Minister for Energy, Environment and Climate Change Lily d'Ambrosio said.


"The current system is very complex and results in a lengthy and costly process which ultimately disenfranchises and penalises hard-working Victorian families."


Even though the AER's recently released final decision follows an earlier interim decision that was issued several months ago, the legal challenge launched by the power companies will not be heard until November, with a decision not expected until sometime in 2017.


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