September 16, 20242024-09-16T05:22:29 by
Victoria’s Powercor has released its 2026-31 Draft Regulatory Proposal for feedback – and mandatory two-way electricity pricing is not on the cards for solar owners.
Every five-years, the Australian Energy Regulator (AER) reviews Distributed Network Service Provider (DNSP) plans for a 5-year period ahead. Powercor’s draft proposal sets out the company’s preliminary plans for the 2026–31 regulatory period.
Powercor says overall, the $3.3 billion plan would add $2 to the annual network costs for its residential customers. Powercor has 823,905 residential customers, who account for 44% of the DNSP’s revenue.
Its draft plan is based on the assumptions of energy consumption rising by 35 per cent – due in part to the shift away from gas, renewable generation doubling, 22 per cent of cars being electric, and more frequent extreme weather. Powercor is contemplating a doubling in rooftop solar capacity and growing volatility between maximum and minimum demand, with peak demand growing by 15%.
