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Allowable Revenue and Forecast Capital Expenditure Determinations

The Wholesale Electricity Market Rules and the Gas Services Information Rules set out the requirement that the Australian Energy Market Operator’s (AEMO) allowable revenue and forecast capital expenditure must consist only of forecast costs that are approved by the ERA. Once approved, AEMO can recover approved costs from market participants through market fees. These costs are eventually passed through to consumers.

2022-2025 Allowable Revenue and Forecast Capital Expenditure

On 29 October 2021, the ERA published a guideline to inform AEMO funding proposals under WEM Rules and GSI Rules.

AEMO’s funding is approved by the ERA for a three-year allowable revenue period. However, the WEM and GSI Rules also allow AEMO to make additional funding proposals within an allowable revenue period. The guideline is intended to be used for both the three-year funding proposals and for any additional in-period funding proposals.

On 8 February 2022, the ERA published an issues paper seeking comment from interested parties on the proposal from the Australian Energy Market Operator (AEMO) for allowable revenue of $156.2 million and forecast capital expenditure of $69.4 million for the period 1 July 2022 to 30 June 2025. The consultation period closed on Tuesday 8 March 2022. The ERA received six submissions in response to the issues paper which are available below.

On 31 March 2022, the ERA published its draft determination seeking comment from interested parties on approving an allowable revenue of $135.9 million and a forecast capital expenditure of $52 million. The consultation period closed on Thursday 28 April 2022. Submissions received are available below.

The ERA must make its final determination by 31 May 2022.

Allowable revenue period 2022 to 2025 – Papers

Allowable revenue period 2022 to 2025 - Public submissions - Draft Determination

Date Documents File type
29-Apr-22 Alinta Energy
Adobe PDF 84 kB

29-Apr-22 Australian Energy Council
Adobe PDF 226 kB

29-Apr-22 Bluewaters Power
Adobe PDF 638 kB

29-Apr-22 Collgar Wind Farm
Adobe PDF 128 kB

29-Apr-22 Energy Policy WA
Adobe PDF 139 kB

29-Apr-22 Synergy
Adobe PDF 165 kB

29-Apr-22 Western Power
Adobe PDF 335 kB

Allowable revenue period 2022 to 2025 - Public submissions - Issues Paper

Date Documents File type
08-Mar-22 Alinta Energy
Adobe PDF 332 kB

08-Mar-22 Australian Energy Council
Adobe PDF 211 kB

08-Mar-22 Bluewaters Power
Adobe PDF 659 kB

08-Mar-22 Collgar Wind Farm
Adobe PDF 117 kB

08-Mar-22 Perth Energy
Adobe PDF 259 kB

08-Mar-22 Synergy
Adobe PDF 203 kB

Page last updated: 29 Apr 2022