PIAC responded to the Australian Energy Regulator’s (AER) draft working paper on energy network debt.
PIAC supports the AER placing greater reliance on the Energy Infrastructure Credit Spread Index (EICSI). In particular, we support the proposal to use the EICSI in the direct calculation of the regulated return on debt.
PIAC considers the potential implementation challenges noted by the AER can be addressed without negating the net consumer benefits of using EICSI more directly to calculate return on debt.
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