Corporate
Consumer Discount FY20
As mentioned in section 3.2(b) of the FY20 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.
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 FY20:
|
($000’s) |
FY18 |
FY19 |
FY20 |
|
Posted discounts |
4,000 |
6,000 |
8,400 |
|
Proposed discounts |
6,100 |
4,353 |
2,160 |
|
Total discounts |
10,100 |
10,353 |
10,560 |
Click on the links to view the Tariffs for 2019/20.
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