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 26 March 2021) 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

Projected Electricity Sales (GWh)

56,611

60,108

62,500

Estimated PSO Fees ($/MWh)*

0.2700

0.2649

0.2701

Note:
*Based on MWh traded (~2 times of projected electricity sales) in the wholesale electricity market. The PSO Fee exclude the estimated PSO Fixed fees (which was introduced in 1st Jul 2018) of $200,000 annually, which will be collected separately.

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