(Attributed to General Manager Regulation, Renate Vogt)
The Australian Energy Regulator has released its final decision on our 2026 to 31 regulatory proposals for the CitiPower and Powercor networks.
We welcome the AER’s decision, which recognises that networks have a vital role in supporting customers in a complex and transitioning energy market.
Under our five-year plan, we’ll invest in initiatives that will allow us to continue delivering safe and reliable power to our 1.3 million customers as Victoria electrifies and climate impacts intensify.
At the same time, we’ll reduce distribution and metering costs by $6 a year for an average residential customer in the Powercor network and $8 in the CitiPower network.
Our plan includes resilience initiatives to help our networks better withstand extreme weather events and bushfires, upgrades to support more solar and electric vehicles, smarter technology to help manage demand and greater data visibility.
The decision supports new network tariffs, including a 1c kWh daytime network charge, to encourage customers to use electricity during the day when solar is most available, and encourages solar exports at times that help the network. It also provides for new tariffs to support initiatives such as kerbside electric vehicle charging.
Our plans were shaped through extensive engagement with more than 9,400 customers and stakeholders across Victoria over several years. We thank everyone who took the time to share their views and priorities, which helped inform our plan.
With the regulatory process now complete, our focus is on delivering our plan and making sure investments are prudent, efficient and are delivering what our communities need.
