Home›Questions on Notice›QoN 4598

❓ Mr. Johnston questions the composition of tariff adjustment payments to Synergy. The answer clarifies that the payment is a single category subsidy covering the difference between cost-reflective rates and gazetted tariffs.

AnsweredQoN 4598Legislative Assembly

Asked

13 October 2015

Member

Mr W.J. Johnston

Portfolio

Energy

QuestionView source ↗

I refer to page 62 of the Synergy Annual Report 2014-2015 and I ask: (a) what are the details of the categories of payments that made up the $244,746,000 in "Tarriff adjustment payments" in 2013-2014; and (b) what are the details of the categories of payments that made up the $386,008,000 in "Tarriff adjustment payments" in 2014-2015?

AnswerView source ↗

Answered

17 November 2015

Responded by

Minister for Energy

Response time

35 days

The Tariff Adjustment Payment is the subsidy that the government pays to Synergy as the difference between the cost reflective rates and the applicable gazetted tariffs on a monthly basis. As such there is only one category.
(a) The payments reported in 2013-14 represent the payments made to the Electricity Generation and Retail Corporation from the 1 January 2014 to 30 June 2014.
(b) The payments reported in 2014-15 represent the payments made to the Electricity Generation and Retail Corporation for the full financial year.

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