We own and operate Victoria’s electricity transmission network – these are the high voltage lines that take electricity from where it’s made to where it’s needed, such as homes and businesses, and into lower-voltage electricity distribution networks. We look after transmission for the whole of Victoria and own and operate one of five electricity distribution networks.
The transmission network covers approximately 227,600 square kilometres and serves over six million people from more than three million Victorian homes and businesses.
The Victorian network is central to Australia’s southern and eastern states. It provides important connections between South Australia, New South Wales and Tasmania.
As a regulated business, we’re required to lodge a Revenue Proposal with the AER through a process known as the Transmission Revenue Reset (TRR). The proposal sets out revenue and investment plans for a five-year regulatory period, the most recent one being 1 April 2022 to 31 March 2027.
The process for setting revenue and prices begins with us undertaking extensive engagement with our internal and external stakeholders to understand the needs of the network, our customers, stakeholders, and other factors that impact how we operate and spend money on our network. Based on this, we develop plans for our network (our regulatory proposal) and submit them to the AER for assessment. Our regulatory proposals include details of our spending plans, which focus on efficiently maintaining the reliability and safety of the network and delivering valued services for customers. Our customers, their representatives and other interested parties are encouraged to provide feedback and submissions.
For more information about our Revenue Proposal, read: