The Wholesale Electricity Market Rules and the Gas Services Information Rules set out the requirements for the ERA’s determination. These requirements include that the allowable revenue and forecast capital expenditure must consist only of costs that would be incurred by a prudent service provider, acting efficiently, and seeking to achieve the lowest practically sustainable cost of delivering the services in accordance with the Market Rules, while also effectively promoting the wholesale market objectives.
2016-2019 Allowable Revenue and Forecast Capital Expenditure - 2018 Adjustment Proposal
The ERA published an issues paper on AEMO's proposal to increase its forecast capital expenditure by $11.2 million for the current review period. Submissions closed Tuesday, 16 October 2018. The five submissions we received are published below.