The Wholesale Electricity Market Rules and the Gas Services Information Rules set out the requirement that the allowable revenue and forecast capital expenditure for service providers 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 market objectives.
2019-2022 Allowable Revenue and Forecast Capital Expenditure
On 15 March 2019 the Australian Energy Market Operator submitted its proposal for allowable revenue of $104.241 million, and forecast capital expenditure of $78.477 million for the period 1 July 2019 to 30 June 2022. The ERA published an issues paper on AEMO's proposal on 20 March 2019. Six submissions were received before the closing date on Monday 15 April 2019 along with one late submission. All submissions are available below.