Levy-funded appropriations

2024/25 Levy-funded appropriations

Upcoming Open Closed Decision
View submissions Submissions closed 30 January 2024
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Decision

Thanks to all submitters who provided feedback on this consultation to inform our advice to the Minister for Energy.

The Authority received an additional funding of $11.7 million for the Electricity Industry Governance and Market Operations appropriation 2024/25, taking the Authority’s total funding to $112.5 million for 2024/25.

Consultation

This consultation sought feedback on an annual increase of $14.2 million to the Electricity Authority’s baseline funding to:

  • pay for increased service provider costs to operate the electricity system and markets
  • enable the Authority to keep pace with the rate of change required to support an orderly low-emissions transition and better serve all consumers.

The Authority’s operating context has changed - the electricity system is undergoing transformation at an unprecedented scale. We have made significant changes in the past year with existing resources, but we’re under pressure and struggling to keep up without an increase in funding. With current funding we are at risk of regulation falling behind and becoming a handbrake on innovation and the transition to a net zero carbon future.

We sought an annual increase of $7.6 million for service provider costs and $6.6 million for Authority operating costs.

The cost to households is an increase of about $2.76 per year (about 23 cents a month) for the average household and about $16.32 more a year ($1.36 a month) for the average commercial entity. This will take the total estimated annual levy cost to $23.29 for the average household (about $1.94 a month) and $138.40 for the average commercial entity (about $11.53 a month).

Consultation paper

Proposed levy-funded appropriation consultation 2024/25 - consultation paper

Proposed levy-funded appropriation consultation 2024/25 - consultation paper

Submissions

Download all submissions (.zip)