The Australian Energy Regulator (AER) released its Final Decision for AGNs access arrangement for the next five years, commencing 1 July 2021.
The decision will see an upfront price cut of 6 per cent after inflation before gas bills are set to increase by an average of 1.6 per cent per year for the four remaining years.
AGN, part of Australian Gas Infrastructure Group (AGIG), said it is investing approximately $513 million into its SA network over the five-year period, which will include the replacement of all cast iron mains by 2026.
This replacement program will help ensure the network is capable of delivering 100 per cent hydrogen gas in the future.
AGIG CEO Ben Wilson said AER’s decision was supportive of the company’s renewable gas plans.
“I am particularly pleased with the AER support for starting the process of blending renewable gas into the South Australian gas supply,” he said.
“This is a key step in reaching our target of providing a 10 per cent carbon-free gas supply by 2030 and full decarbonisation of gas supply by no later than 2050.
“We are also targeting providing our customers with 100 per cent carbon-free gas supply solutions by 2025.”
Click here to read the full decision.
For more information visit the AGIG website.