RAJ REPORT

Labor Election lies exposed—-AER reduces rate of return in NSW from 10 to 7.5 per cent , same will happen in Queensland —–Result will be a smaller dividend for the Queenland Government and no pay back of DEBT——-Australian Energy Regulator clamps down on network charges————–Dr Kuiper also said there was room for improvement in regards to the allowed rate of return – the forecast of the cost of funds a network business requires to attract investment in the network. The AER has dropped it from 10 to 7.15 per cent, saying it reflected lower interest rates and improved financial market conditions. “We will be requesting the regulator to look at reducing the rate of return, because 70 per cent of the costs for consumers in some way is related in some way back to that.” In a separate announcement, the Australian Energy Market Commission said new pricing rules will begin on December 1 that would save households up to $145 a year

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Dr Kuiper also said there was room for improvement in regards to the allowed rate of return – the forecast of the cost of funds a network business requires to attract investment in the network.

The AER has dropped it from 10 to 7.15 per cent, saying it reflected lower interest rates and improved financial market conditions.

“We will be requesting the regulator to look at reducing the rate of return, because 70 per cent of the costs for consumers in some way is related in some way back to that.”

In a separate announcement, the Australian Energy Market Commission said new pricing rules will begin on December 1 that would  save households up to $145 a year.

 

 

Australian Energy Regulator clamps down on network charges.

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