AER sets cost to customers of Basslink, as troubled interconnector transitions to regulated asset

$460m Basslink decision to lift power bills

Image: Anton Balazh/shutterstock.comElectricity customers in Tasmania and Victoria will begin funding the Basslink interconnector directly after the Australian Energy Regulator (AER) approved $459.5 million in revenue recovery for 2026–30.   The decision shifts the 370km cable to a regulated cost-sharing model, with consumers covering the bulk of expenses previously borne under contract with Hydro Tasmania, resulting in modest but ongoing bill i…

AER sets cost to customers of Basslink, as troubled interconnector transitions to regulated asset

As early works – and a legal challenge – get underway for Marinus Link, the cost to consumers of the existing interconnector, Basslink, has been determined.

AER delivers final revenue decision for regulated Basslink

The Australian Energy Regulator (AER) has published its final decision on the revenue that Basslink Pty Ltd can recover for the Basslink transmission cable for the 2026-30 period as a regulated service. The regulator has decided to allow Basslink to recover $459.5 million in revenue for the 2026-30 period. APA Group owns and operates Basslink, having acquired the 370km undersea electricity interconnector between Victoria and Tasmania in late 202…

Basslink to recover $460 million from operations

Image: 1xpert/stock.adobe.comTasmanian and Victorian consumers will foot the bill for the Basslink transmission cable as part of a new cost-sharing structure. The Australian Energy Regulator (AER) approved $459.5 million in revenue […] The post Basslink to recover $460 million from operations appeared first on Energy Magazine.