Our funding level for the 2022/23 and 2023/24 financial years was announced on Budget Day 2023.
The Minister of Energy and Resources agreed to a permanent baseline increase for our levy-funded appropriation as part of Budget 2023. The increase is $500,000 for the 2022/23 year and $4.6 million for 2023/24 and outyears.
We will use the funding to support our response to the Emissions Reduction Plan, improve wholesale market competition, implement recommendations from the 9 August 2021 reviews, and meet our new statutory objective of promoting the interests of domestic and small business consumers.
16 February 2023Decision —
Ministerial agreement of 2022/23 and 2023/24 levy-funded appropriations
4 October - 4 November 2022Consultation —2022/23 and 2023/24 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.
Levy-funded appropriations 2021/22 and 2022/23
Consultation on our levy-funded appropriations for the upcoming financial year.