AER to cut AusNet's revenue

AER draft decision caps amount group can charge customers for electricity by 7%

The Australian Energy Regulator is set to cut the amount Singapore Power’s SP AusNet (SPN) can charge electricity customers by 7% per year from April in Victoria.

The regulator's draft decision caps SP AusNet's revenue at $1.53 billion over three years, from next April - a 4.4% reduction on the total revenue proposed by the network provider.

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