AER: Full Federal Court confirms AER revenue decision for SA Power Networks
“The Full Federal Court has today confirmed the Australian Energy Regulator’s (AER) October 2015 revenue decision for SA Power Networks (SAPN) guaranteeing consumer savings delivered in the original decision will stand.
SAPN had proposed recovering $4.5 billion from consumers over the five year regulatory period commencing on 1 July 2015, but the AER determined that the distributor required $3.8 billion in order to deliver safe, secure and reliable power to South Australian households and businesses.
SAPN appealed to the Australian Competition Tribunal which affirmed the AER decision on all grounds in October 2016. The distributor’s subsequent appeal to the Full Federal Court was today also dismissed on all grounds.”
Full AER post: