As a regulated business, the prices we can charge customers for the network services they receive are approved each year by the Australian Energy Regulator (AER).
There are two categories of prices:
The network and metering charges form part of the electricity bill you receive from your energy retailer. On average, these charges are about 33% of a Powercor customer’s bill and 29% of a CitiPower customer’s bill.
The network charge you pay depends on which tariff you have selected to be on with your energy retailer. There are various options available, for example:
How much we can charge in total for these is subject to a revenue cap. This form of control is managed by the AER. It means that each year, we need to ensure the proposed prices and the quantity of services proposed for the next year will not result in us receiving more revenue than was approved by the AER.
The AER recently approved our annual network pricing proposals for 2023-2024, which are due to commence from 1 July 2023.
Importantly, for residential customers, CitiPower and Powercor are among the lowest cost networks in the country.
The annual network component of a typical bill for Powercor customers will be $31.14 higher for households and $44.10 higher for small businesses in 2023–24 compared to 2022–23.
For CitiPower customers, this will be $2.39 higher for households and $7.14 higher for small businesses in 2023–24 compared to 2022–23.
Your electricity bill represents all the costs associated with supplying power to your home or business. Network and metering charges are among these costs.
The average annual bill comprises:
So what do we spend this portion of your electricity bill on? Our key activities include: