A report in March by the Grattan Institute found about $20 billion of network investment was “excessive” and NSW and Queensland consumers had been overcharged the most.
In October the government abolished the so-called limited merits review, which means networks can no longer appeal AER decisions on revenue determinations, which relate to operating costs.
The government said the appeals, heard by the Australian Competition Tribunal, meant consumers had paid $6.5 billion more for electricity since 2008 than if the regulator’s decisions had been upheld.
Earlier this month, NSW’s largest electricity distributor, Ausgrid, said it was taking action to bring energy prices down, pledging to cut network tariffs by 6 per cent from July next year. It would cut an average customer’s bill by $30 a year.
With Cole Latimer