Citipower have submitted their regulatory proposals to the Australian Energy Regulator (AER), outlining their investment priorities for the 2016-2020 regulatory control period.
Their priorities for the period are focussed on striking the right balance between safety, reliability, growth and affordability so that they meet the expectations of customers today and into the future.
During the next five years Citipower are proposing to invest $3.3billion in capital expenditure and deliver price cuts in 2016 for residential and business customers across our network.
Citipower efficient and targeted approach will see the company deliver a $43 decrease in the average Powercor residential annual bill in 2016, while the average CitiPower residential bill will reduce by $28, with network charges remaining stable for the remainder of the five-year period.
Business customers will also see reduction in distribution charges in 2016 as a result of lower metering charges.