Budget & Fees

Under the Market Rules Chapter 2 Section 12.1.3, PSO is required to publish its finalised budget and fees for 3 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 1 August 2022) are shown below:

	FY 2021/22	FY 2022/23	FY 2023/24
PSO proposed expenditure and revenue requirement for 3-fiscal year period ($'000)	30,773	32,044	33,961
Previous year's audited adjustments	(5,402)	(2,351)	-
PSO finalized expenditure and revenue requirement for each FY	25,371	29,693	33,961
Projected Electricity Sales (GWh)	50,061*	60,108	62,500
Estimated PSO Fees ($/MWh)**	0.2534	0.2470	0.2717

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. The PSO Fee excludes the estimated PSO Fixed fees (which was introduced in 1st Jul 2018) of $200,000 annually, which will be collected separately.