Regulatory proposal final outcomes
To develop our proposal, we undertook extensive customer and stakeholder engagement and developed our plans against this feedback.
Over the past 5 years we have engaged with 10,413 customers and 298 stakeholders to understand what matters most relating to your electricity needs. You told us you want:
- reliable, safe and resilient electricity supply.
- everyone to have access to affordable and equitable electricity.
- to help you transition towards sustainable energy sources for a cleaner future.
We submitted our Draft Proposal to the Australian Energy Regulator (AER) on 31 January 2025. After receiving the AER’s Draft Decision, we updated our proposal to address their feedback, engaged further with customers and stakeholders across key service outcomes and submitted our Revised Proposal.
On 30 April 2026, the AER released its Final Decision, approving our revenue that allow us to operate and maintain an electricity distribution network. We welcome the AER’s decision, which recognises that networks have a vital role in supporting customers in a complex and transitioning energy market.
Under our five-year plan, we’ll invest in initiatives that will allow us to continue delivering safe and reliable power to our 1.3 million customers as Victoria electrifies and climate impacts intensify.
With the regulatory process now complete, our focus is on delivering our plan and making sure investments are prudent, efficient and are delivering what our communities need.
Below are links to the proposal and decisions made by Powercor and the regulator.
Regulatory proposal (submitted January 2025)
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Powercor Regulatory Proposal 2026-31 - Part A - Overview - Jan2025PDF (4.37 MB) -
Powercor Regulatory Proposal 2026-31 - Part B - Explanatory Statement - Jan2025PDF (4.57 MB)
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Powercor Tariff Structure Statement 2026-31 - Compliance Document - Jan2025PDF (895.07 KB)
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Powercor Tariff Structure Statement 2026-31 - Explanatory Statement - Jan2025PDF (2.27 MB)
AER draft decision (received September 2025)
Revised proposal (submitted December 2025)
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Powercor Revised Proposal 2026-31 - Revenue and expenditure forecasts - Dec2025 - PublicPDF (1.79 MB)
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Powercor Tariff Structure Statement 2026-31 - Explanatory Statement - Dec2025 - PublicPDF (2.12 MB)
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Powercor Tariff Structure Statement 2026-31 - Compliance Document - Dec2025- PublicPDF (791.92 KB)
Final AER decision (April 2026)
If you require these documents in an alternate format, please contact us at community@powercor.com.au.
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Stakeholder specific information
About the regulatory reset
Every five years, we prepare a fully costed business plan (or regulatory proposal) for review and approval by the Australian Energy Regulator (AER). This process is called an Electricity Distribution Price Review, but we refer to it as the regulatory reset.
Through this process, our proposed investments, pricing plans and rate of return are approved by the Australian Energy Regulator (AER). This decides how much money we charge customers for our services.
Right now, we are operating under a plan approved by the AER for the current regulatory period, which started on 1 July 2021 and will end on 30 June 2026. Our next regulatory proposal will cover 1 July 2026 to 30 June 2031 and we are in the process of engaging with our customers and stakeholders to inform this.
Why is the regulatory reset important?
Regulatory resets are important as they determine the revenue network service providers like us need to operate and invest to keep electricity supplies safe and reliable. They also determine the amount households and businesses are charged for the network services provided (one part of your electricity bill).
What is the reset process?
Listening to the views of our customers through the regulatory reset is important. We want to deliver a proposal that meets the needs, expectations and preferences of the people relying on the electricity distributed by our networks.
Detailed steps are being taken to prepare the regulatory proposal, and many topics are being explored through consultation with our customers, before submitting the plan to the AER for consideration in 2025.
The AER will issue a draft decision on the revenue we will receive to operate the network, and the approach we will take to charge customers. We have an opportunity to respond to the draft decision before the AER issues a final determination in 2026.
Keen to know more?
To learn more about our regulatory framework, including our current regulatory period, visit our main website.
