Building trust and confidence

Levy-funded appropriations 2021/22 and 2022/23

Each year we consult on our levy-funded appropriations for the upcoming financial year.

Overview

We consulted on and asked for an increase of $2 million for 2021/22 to investigate the 9 August 2021 outage event, implement the trading conduct rules and continue our review of wholesale market competition. We sought a $1 million increase in 2021/22 and outyears to cover the increased costs associated with litigation currently underway and to ensure that we can respond to litigation effectively in the future.

We sought a permanent uplift to our baseline funding of $2 million for 2022/23 and outyears to enable us to continue to progress our statutory objective and deliver our statutory functions. The additional $2 million requested in the 2022/23 appropriation is required to cover costs related to increased resourcing to deliver multiple projects, organisational capability and IT services.

Our funding level for the financial year 2022/23 was announced on Budget Day 2022. You can read the confirmed levy rates in the Gazette notice below.

Timeline

Past activity

19 June 2022
19 June 2022

Notice —

Gazette notice of annual levy rates for 2022/23
- Levy rates 2022/23: Corrigendum Gazette notice
- Levy rates 2022/23: Gazette notice
9 February 2022
9 February 2022

Decision —

Ministerial agreement of 2021/22 and 2022/23 levy-funded appropriations
- Electricity Authority 2021/22 and 2022/23 levy-funded appropriations request
26 October - 30 November 2021

26 October - 30 November 2021

Consultation —

2021/22 and 2022/23 levy-funded appropriations
View consultation

Project background

We're funded by the Government through appropriations of public money. The Government recovers this cost through a levy on electricity industry participants.

Each year we consult on our levy-funded appropriations for the upcoming financial year to enable us to carry out our strategic ambitions in line with our statutory objectives.

How levy rates are set and calculated