We consulted on and asked for an increase of $2 million for 2021/22 to investigate the 9 August 2021 outage event, implement the trading conduct rules and continue our review of wholesale market competition. We sought a $1 million increase in 2021/22 and outyears to cover the increased costs associated with litigation currently underway and to ensure that we can respond to litigation effectively in the future.
We sought a permanent uplift to our baseline funding of $2 million for 2022/23 and outyears to enable us to continue to progress our statutory objective and deliver our statutory functions. The additional $2 million requested in the 2022/23 appropriation is required to cover costs related to increased resourcing to deliver multiple projects, organisational capability and IT services.
Our funding level for the financial year 2022/23 was announced on Budget Day 2022. You can read the confirmed levy rates in the Gazette notice below.
9 February 2022Decision —
Ministerial agreement of 2021/22 and 2022/23 levy-funded appropriations
26 October - 30 November 2021Consultation —2021/22 and 2022/23 levy-funded appropriationsView consultation
We're funded by the Government through appropriations of public money. The Government recovers this cost through a levy on electricity industry participants.
Each year we consult on our levy-funded appropriations for the upcoming financial year to enable us to carry out our strategic ambitions in line with our statutory objectives.
Other projects in Building trust and confidenceView all projects
Review of our consultation and feedback processes
Improving our consultation and engagement to better represent the interests of consumers.
Consultation on our levy-funded appropriations for the upcoming financial year.