Energy Club NT - Approval of Power and Water Corporation’s 2024-25 system control and market operator charges proposal

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Approval of Power and Water Corporation’s 2024-25 system control and market operator charges proposal

Approval of Power and Water Corporation’s 2024-25 system control and market operator charges proposal

03 Nov 2023 8:00 PM | Stephanie Berlin (Administrator)

The Commission has approved Power and Water Corporation’s (PWC’s) proposed 2024-25 system control and market operator charges to be applied from 1 July 2024.

On 29 September 2023, PWC submitted to the Commission its 2024-25 Annual Pricing Proposal for System Control and Market Operator charges, which provides for interim charges for one year from 1 July 2024. The Commission assessed the proposal and confirmed it meets the Commission’s requirements for simplicity, escalating approved charges for 2023-24 to account for inflation. As such, the Commission approved PWC’s 2024-25 Annual Pricing Proposal for System Control and Market Operator charges.

The charges approved for 2024-25 are the maximum that PWC can charge for services provided by the power system controller with respect to its regulated electricity networks.

More information regarding the regulation of system control charges and other electricity charges can be found on the electricity price regulation page.

Source: Utilities Commission of the Northern Territory

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