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Every five years, Evoenergy prepares a detailed plan about how it will operate, maintain, and invest in the electricity network to meet the future needs of the ACT. This electricity five-year plan is submitted to the Australian Energy Regulator for consideration and approval to determine how costs associated with the electricity network are passed onto consumers.

Our five year plan for 2024–29 was submitted to the Australian Energy Regulator on 31 January 2023.

Five year plan 2024–29
Five year plan consumer overview

In the next five years, we’re proposing to deliver on our community’s priorities by investing to maintain reliability and transition the network to a net-zero emissions future, while playing our role in maintaining energy affordability.

EN24 proposal 

Our current five year plan for 2019–24 is available on the Australian Energy Regulator website.

The 2024–29 electricity network regulatory determination planning process:

Regulatory timeframe

  • What our five year plan includes

    Our five year plan covers many aspects and details of how we propose to operate and invest in the electricity network, and a central element of the plan is our estimate of the lowest sustainable cost of managing the electricity network in the ACT. This estimate needs to take into account expected growth in the demand for electricity and electricity network connections in the coming five years, as well as managing the network in a way that ensures a quality, reliable, secure and safe electricity supply.

    During our planning process we consider:

    the expectations and long-term interests of Canberrans
    how best to operate and maintain a reliable network cost-effectively
    how the network needs to grow to meet demand
    network infrastructure that requires replacement how network charges reflect the cost to serve customers, and
    how we deliver services to consumers.

    The Australian Energy Regulator reviews our plan to determine whether the cost associated with our plan are prudent and efficient.

    During their review, the Australian Energy Regulator considers:

    Operating expenditure – how efficiently we operate and maintain the electricity network; taking into account our service levels, reliability and safety.
    Capital costs – how we plan to invest for expansion of the network to service new developments and replacement of infrastructure within the existing network as they reach the end of their useful lives, including costs of funds and depreciation.
    Tariff structure – how we group customers based on common characteristics (for example, residential consumers are distinct from commercial customers), and how we refine our tariffs to increase the cost-reflectivity of the pricing signals we send to customers.
    Forecast consumption and demand – how consumers use the network, including the total quantity of electricity transported across the network every year, and peak demand, which is the highest quantity of electricity being transported at a single point in time. Demand is a critical determinant of the level of Evoenergy’s investment in the network.

  • How we’re engaging with the community

    We’ve been engaging with the community across three stages and there ways you can still get involved and have your say:

    Engagement phase 1 - complete
    October 2021 – July 2022
    Understanding consumer values to inform the draft plan and tariff structure statement.

    Engagement phase 2 - complete
    August 2022 – December 2022
    Using the feedback provided, we will produce a draft plan and draft tariff structure statement and come back to the community for more feedback

    Engagement phase 3 - underway
    Post January 2023
    After the Australian Energy Regulator has reviewed our proposal, we will consult further on any elements that need further understanding.

    For more information about how to get involved and have your say, visit www.engagewithenergy.com.au

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