Corporate
Consumer Discount FY19
As mentioned in section 3.2(b) of the FY19 Statement of Corporate Intent (SCI), the Company will endeavour to provide its Consumers with an annual discount (proposed and posted) which will be published before the commencement of the financial period in which it will be paid, in order to provide a cost effective electricity supply to its Consumers.
The Company will return loss and constraint rentals received by it to end users of its line services through the posted and proposed discount mechanism.
Energy traders distribute line discounts based upon consumer consumption levels, (grouped into bands). Consumer discounts are intended to achieve a number of commercial objectives, including ensuring net line prices remain competitive.
The issue of discounts is anticipated to occur in November or December each year.
Subject to no significant or unforeseen events impacting on the network (e.g. a severe weather event, natural disaster, or fire) the following discounts will be paid in FY19:
|
($000’s) |
FY17 |
FY18 |
FY19 |
|
Posted discounts |
4,000 |
4,000 |
6,000 |
|
Proposed discounts |
5,835 |
6,100 |
4,353 |
|
Total discounts |
9,835 |
10,100 |
10,353 |
Click on the links to view the Delivery Price Schedule/Tariff 2018/19 and the Smart Tariff for 2018/19.
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