Every five years, Evoenergy is required to propose to the Australian Energy Regulator how much we plan to spend operating, maintaining and investing in our gas network in the ACT, Queanbeyan and Bungendore, and how these costs should be recovered from gas network customers.
Our current five-year plan for 2016–21 expires on 30 June 2021, and we have been engaging with our community and the Australian Energy Regulator since 2019 on a new plan for the 2021–26 period, ahead of the commencement of the next regulatory period on 1 July 2021.
Australian Energy Regulator provided its final decision on our plan on 30 April 2021, largely accepting our proposal for how we plan to operate and maintain the gas network. The Australian Energy Regulator estimates that the final decision will result in a reduction to retail gas bills from 1 July 2021 of about one per cent, followed by increases of about one per cent for the remaining four years of the period.
This period will be a critical time for our gas network as we plan for a responsible transition to achieve the ACT’s net zero greenhouse gas emissions by 2045 target. We will continue to work with the community and the ACT Government as we plan this transition.
Read more about our gas network plan and the Australian Energy Regulator’s decision on the Australian Energy Regulator’s website. Australian Energy Regulator’s website.