What it’s all about
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 (AER) for consideration and approval to determine how costs associated with the electricity network are passed onto consumers.
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 consider 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.
The 2024–29 electricity network regulatory determination review process for the period from 1 July 2024 to 30 June 2029, commenced in 2021.
What we consider
- the expectations and long-term interests of Canberrans
- how to best operate and maintain a reliable network cost-effectively
- how the network needs to grow to meet demand
- network infrastructure that requires replacement
- how we deliver services to consumers, and the associated costs
What the AER considers
- operating expenditure – how efficiently we operate and maintain the electricity network
- capital costs – how we plan to invest for expansion of the network
- tariff structure – how we group customers based on common characteristics, and refine our tariffs to increase the cost-reflectivity of the pricing signals we sent to customers
- forecast consumption and demand – how consumers use the network
Community engagement
We engaged with the community and other stakeholders across three stages from October 2021 to October 2023 to ensure that our five-year plan reflects the needs of the ACT.
Phase 1: Understanding consumer values to inform our draft five-year plan
Phase 2: Consultation with consumers and other stakeholders on our draft five-year plan, to inform our initial five-year plan
Phase 3: Further engagement to inform our revised five-year plan
We reflected what we heard from consumer and stakeholders in our initial and revised five-year plans.
Next steps
Following public consultation on our revised five-year plan in January 2024, the AER will publish its Final Decision on the 2024–29 electricity network regulatory determination review by 30 April 2024.
Links:
Our current approved five-year plan for 2019–24 for the regulatory period from 1 July 2019 to 30 June 2024 is available on the AER’s website.
Information on our 2024–29 five-year plan is available on the AER’s website.