Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
COVID-19 UPDATE
No Government financial assistance has been utilised; focusing on health and safety of employees while maintaining essential services
to customers
Network
Relief
Package
•
Support to customers affected by COVID-19(1) through Energy Networks Australia (ENA) Network Relief Package (2) announced at the beginning of April
For customers impacted by COVID-19, the Network Relief Package waives network charges for residential customers of small retailers and small business
customers and defers payment of network charges for residential customers of large retailers for the period 1 April 2020 and to 30 June 2020
Estimated aggregate cost to VPN, SAPN and TransGrid of ~$7m (at 100%)
In August, the AEMC made a preferred rule to enable some retailers (that are not retailers of last resort or government owned) to defer the payment of network
charges for customers subject to payment plans, hardship arrangement or deferred debt arrangement for the period August 2020 to February 2021 for up to 6
months. Retailers will pay interest on deferred charges
⚫ Victorian businesses have voluntarily extended a modified Network Relief Package consistent with the AEMC rule (does not require the payment of interest) to
31 January 2021(3)
Victoria Power Networks
Lower energy demand across VPN in the Half
Year compared to 2019 driven by small and large
commercial usage down around 10%, offset by
higher residential consumption up around 4%
•
SA Power Networks
Energy demand in South Australia was down in
Q1 but has seen an increase in Q2 compared to
2019 mostly due to colder weather increasing
electricity usage for residential heating (4)
TransGrid
Energy demand declined by around 5% in April.
However, improvement was seen during May and
June which recorded only a 1% reduction
compared to Q2 2019(4)
Business
Impact
Total Volume
8,335
GWh
4.8%
7,933
GWh
4.4%
5,070
GWh
4,845
GWh
34,970
GWh
4.1%
33,590
GWh
HY 2019
HY 2020
HY20 regulated revenue includes a $2.4m
estimated rebate under the ENA Network Relief
Package
HY 2019
HY 2020
HY20 regulated revenue includes a $1.0m
estimated rebate under the ENA Network Relief
Package
HY 2019
HY 2020
HY20 regulated revenue includes a $3.4m
estimated rebate under the ENA Network Relief
Package
Small business customers who consume less than 40MWh per annum (based on 2019) and use less than 25% of historical average consumption for the period. Residential customers not in arrears or receiving government benefits before 1 March 2020 but are after 1 April 2020
https://www.energynetworks.com.au/miscellaneous/covid-19-electricity-and-gas-network-relief-package/.
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https://www.energynetworks.com.au/news/media-releases/2020-media-releases/energy-networks-extend-customer-support/
AEMO, Quarterly Energy Dynamics Report Q2 2020 - Market Insights and WA Market Operations
Spark Infrastructure I Investor Presentation | August 2020
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