Highlights of the Draft Plan
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OUR DRAFT PLAN & THE ENERGY TRILEMMA
OTHER HIGHLIGHTS OF THE DRAFT PLAN
- We are planning to cap our proposed network charges below the rate of inflation, resulting in a modest decrease in distribution network prices of 0.5 per cent in 2021 excluding the impacts of inflation.
- When we combine these network service savings with the advance metering services that we provide to our residential customers we will pass on average savings of $90 over the next regulatory period.
- In the next regulatory period, we are seeking to increase revenue by 4 per cent to cover increases in costs of providing the services our customers have told us they expect.
- We are proposing to reduce our capital expenditure by around $50 million while still maintaining a reliable network. This is in line with residential customer views, which asked Jemena to keep reliability levels as they currently are.
- We have developed these draft plans based on significant consultation with various customer segments. This included holding a People's Panel process with 43 of our residential customers in July-August 2018.
What our Draft Plan delivers for customers
What is the energy trilemma?
According to the University of Melbourne, in Australia the energy trilemma refers to attempts by policymakers and the energy industry to balance three different objectives. These objectives are:
- meet Australia’s Climate Change commitments under the Paris Agreement
- ensure stable supply of energy so the ‘lights don’t go out’
- mitigate rising electricity costs, particularly for vulnerable and elderly households.
Read the full article here.
