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BRIEF-Australian Energy Regulator issues preliminary decisions for Victoria

Published 29/10/2015, 09:23 am
© Reuters.  BRIEF-Australian Energy Regulator issues preliminary decisions for Victoria

Oct 29 (Reuters) - Australian Energy Regulator:

* issues preliminary decisions for Victoria

* -issued preliminary decisions for Ausnet Services, Citipower, Powercor, Jemena and United Energy

* in addition to reductions in network charges, preliminary decisions will reduce annual metering charges by 15 to 40 percent in 2016

* preliminary decisions will be effective from 1 January 2016

* feedback will be considered before the final decisions are made in April 2016, to lock-in new network charges from January 2017 until 2020

* "aer is now seeking feedback on whether the preliminary decisions have struck the right balance between keeping prices as low as possible"

* preliminary decisions expected to save between $27 and $75 on the average victorian household's annual electricity bill over next 5 years

* Source text for Eikon ID:nASX67nRxJ

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