Network Tariffs: What’s Changed and Why
We inform our valued customers about the recent changes to network tariffs, approved by the Australian Energy Regulator (AER). These adjustments took effect on July 1, 2024, starting a new 5-year regulatory control period for networks in NSW, ACT, and Tasmania. This period has new tariff structures aligning with the principles of Network Tariff Reform.
Why Have Network Tariffs Changed?
Annually, distributors adjust their network charges according to the regulatory pricing framework. The AER reviewed and approved the pricing proposals and tariff reforms for this period. These changes took effect on July 1, 2024. This year’s changes include modifications to some tariffs’ structure, such as adjustments to time-of-use periods to better reflect peak demand times and the introduction of new two-way solar tariffs.
The regulated pricing framework aims to ensure the cost structure of the electricity distribution network reflects the infrastructure and services provided. It also aims to better integrate distributed energy resources, such as solar power and battery storage.
Implications for Customers
Customers may have noticed adjustments in their network charges reflected in their latest bills. Retailers pass through these updated network charges following the AER-approved pricing proposals. Additionally, some customers might experience changes in their current tariffs’ structure or be moved to a different tariff as required by their distributor.
We encourage customers to review their recent bills to understand the impact of these changes and to reach out to their retailers for any clarifications. We remain committed to providing transparent and efficient energy services while supporting the integration of innovative energy solutions.
For further details or enquiries, please contact us.