PIAC made a submission to the Australian Energy Regulator’s (AER) consultation on Essential Energy Cost Pass Through Application – Critical Infrastructure Licence Conditions, to strengthen its cyber and physical security.
We support allowing Essential Energy to recover efficient costs incurred as a result of unforeseen changes to the distributor licence conditions, with which Essential Energy must comply.
Essential Energy worked with the Independent Pricing and Regulatory Tribunal (IPART) in developing their plan to achieve full compliance with the changed conditions, and IPART will monitor Essential’s compliance with this plan. We expect the AER to determine the efficient and prudent amount to allow and the specifics of how to smooth the recovery of costs from consumers.
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