Capital expenditure AusNet Services' capital expenditure over the first three years of the 2011–15 regulatory control period was approximately 2 per cent lower than our approved forecast (Figure 9–83). Figure 9–83 Capital expenditure (excluding customer contributions) AusNet – Services AusNet Services indicated its capital expenditure was less than forecast in 2011 due to lower spending on demand related categories including reinforcement and customer connections (Figure 9–84). Figure 9–84 Capital expenditure by purpose (excluding customer contributions) AusNet Services – Chapter 5 provides a description of how DNSPs fund their expenditure on investment projects (capital expenditure) and a comparative assessment of capital expenditure for all DNSPs in the NEM. Regulatory asset base AusNet Services' RAB increased by approximately 25 per cent over the first three years of the 2011–15 regulatory control period. AusNet Services' RAB was forecast to increase by 43 per cent over this period. AusNet Services' RAB grew from approximately $2.2 billion at the end of 2010 to approximately $2.7 billion at the end of 2013 (Figure 9–85). The marginal difference between the forecast and actual value of AusNet Services' RAB is consistent with its marginal underspending on capital over the first three years of the regulatory control period. Figure 9–85 Regulatory asset base AusNet Services – Operating expenditure AusNet Services' operating expenditure over the first three years of the 2011–15 regulatory control period was approximately 4 per cent lower than our approved forecast (Figure 9–86). AusNet Services indicated underspending on actual operating expenditure in 2011 and 2012 was primarily driven by efficiencies in maintenance spend. Chapter 6 contains our assessment of operating expenditure for all in the NEM.
Capital expenditure AusNet Services' capital expenditure over the first three years of the 2011–15 regulatory control period was approximately 2 per cent lower than our approved forecast (Figure 9–83). Figure 9–83 Capital expenditure (excluding customer contributions) – AusNet Services AusNet Services indicated its capital expenditure was less than forecast in 2011 due to lower spending on demand related categories including reinforcement and customer connections (Figure 9–84). Figure 9–84 Capital expenditure by purpose (excluding customer contributions) – AusNet Services Chapter 5 provides a description of how DNSPs fund their expenditure on investment projects (capital expenditure) and a comparative assessment of capital expenditure for all DNSPs in the NEM. Regulatory asset base AusNet Services' RAB increased by approximately 25 per cent over the first three years of the 2011–15 regulatory control period. AusNet Services' RAB was forecast to increase by 43 per cent over this period. AusNet Services' RAB grew from approximately $2.2 billion at the end of 2010 to approximately $2.7 billion at the end of 2013 (Figure 9–85). The marginal difference between the forecast and actual value of AusNet Services' RAB is consistent with its marginal underspending on capital over the first three years of the regulatory control period. Figure 9–85 Regulatory asset base – AusNet Services Operating expenditure AusNet Services' operating expenditure over the first three years of the 2011–15 regulatory control period was approximately 4 per cent lower than our approved forecast (Figure 9–86). AusNet Services indicated underspending on actual operating expenditure in 2011 and 2012 was primarily driven by efficiencies in maintenance spend. Chapter 6 contains our assessment of operating expenditure for all in the NEM.
Electricity%20distributors%202011-13%20performance%20report%20-%20June%202015.docx