Budget & Fees

Under the Market Rules Chapter 2 Section 12.1.3, PSO is required to publish its finalised budget and fees for 5 consecutive fiscal years. Where there is under/over recovery at the end of each fiscal year, Chapter 2 Section 12.1.5 of the Market Rules required the PSO to publish the revised expenditure and revenue requirements and schedule of fees as soon as reasonably practicable. The revised expenditure and revenue requirements and schedule of fees (as at 23 July 2019) are shown below:

  FY 2016/17 FY 2017/18 FY 2018/19 FY 2019/20 FY 2020/21
PSO finalised expenditure and revenue requirement for 5-fiscal year period ($'000) 24,781 26,837 27,483 28,212 29,300
Previous year's audited adjustments (450) (1,976) (3,692) (1,875) -
PSO finalised expenditure and revenue requirement for each FY 24,331 24,861 23,791 26,337 29,300
Projected Electricity Sales (GWh) 48,664* 49,643* 50,445* 51,259 52,328
Estimated PSO Fees ($/MWh)** $0.2500 $0.2504 $0.2358 $0.2569 $0.2800

Note:
(1)  * Actual electricity sales figure for previous fiscal years.
(2)  **Based on MWh traded (~2 times of projected electricity sales) in the wholesale electricity market.
(3)  The following PSO Fixed Fees were introduced with effect from 1 Jul 2018 as part of cost recovery of PSO fee. The total PSO’s expenditure and revenue remains the same as published in the above table.

  • Market Participant (MP) fee (annual) - $3,500 per MP
  • MP Registration fee (one-off) - $1,650 per legal entity registration
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