The AER sets the amount of revenue electricity networks can charge their customers regardless of who owns the network.
Anthony Roberts Minister for Industry, Resources and Energy said the government shares the objective of the AER "The NSW Government shares the objective of the independent AER in ensuring a safe and reliable supply of electricity, at the lowest sustainable cost for the State’s households and businesses.”
The network revenue determination means NSW residents will receive the following average annual reductions on their electricity bills in 2015/16:
• Network distribution area: Ausgrid average saving on a household bill: $165
• Network distribution area: Endeavour Energy average saving on a household bill: $106
• Network distribution area: Essential Energy average saving on a household bill: $313
NSW small business customers will also receive an annual reduction on their electricity bill in 2015/16:
• Network distribution area: Ausgrid average saving on a small business bill: $264
• Network distribution area: Endeavour Energy average saving on a small business bill: $152
• Network distribution area: Essential Energy average saving on a small business bill: $528
Customers will also receive a further average $23.00 reduction on their bills because of lower network charges for Transgrid.