Electricity Distribution Price Review 2026-2031

Key Milestones and Next Steps

Our Electricity Distribution Price Review (EDPR) proposal outlines our plans and costs for managing and operating the electricity distribution network for the period 1 July 2026 to 30 June 2031. After extensive customer and stakeholder engagement and development of our plans over several years, we submitted our initial proposal to the Australian Energy Regulator (AER) on 31 January 2025. During 2025 and 2026 we received a Draft Decision from the AER, submitted a Revised Proposal addressing their feedback and received the Final Decision on 30 April 2026.

AER Final Decision

On 30 April 2026, the AER released its final decision, which approved $2.6 billion to maintain and upgrade our electricity distribution network, along with $1.6 billion to operate the network over the next five years.

The approved funding enables us to continue prioritising safe and reliable electricity services for customers and communities across Victoria. However, the final decision is around $800 million less than the investment AusNet proposed and, therefore, we will need to make careful choices as electricity demand continues to increase through electrification and population growth and as we experience more frequent severe weather events.

We will review the AER’s decision in detail and carefully consider its implications for our plans, priorities and how we deliver for customers and communities.

You can find more information on the AER’s decision here.

      From Draft to Final – Explore Earlier Submissions and Summaries

      Our EDPR Revised & Final Proposal

      View our Revised Electricity Distribution Price Review Plan (2026–2031)

      Engaging customers and stakeholders to develop our proposal

      Our plan was developed with valuable input from customers and stakeholders. We wanted to focus on what matters most to our customers and have shaped our approach around that.

      We've actively listened to and engaged with customers and stakeholders throughout the process to address their priorities and help balance overall value-for-money and affordability through our plan.

      To develop the draft plan, we worked closely with six dedicated panels on key topics for our Proposal, see each of them below. Before publishing and submitting our Initial Proposal to the Australian Energy Regulator (AER), we shared the draft plan with customers and stakeholders, gathered further input, and refined the plan based on their feedback.

      Following the AER’s draft decision, we undertook a short engagement period to discuss the decision and worked again with the panels to shape our Revised Proposal submission.

      You can find out more about how we thread the customer voice throughout our Proposal and the various engagement activities undertook.

      Customer panels involved throughout the planning process




      Our Engagement Plan

      View the current version of our EDPR 2026-31 Engagement Plan

      Our engagement plan is a ‘living’ document, which outlines the engagement we will undertake on our EDPR 2026-31 program until we submit our proposal to the AER in early 2025.

      We both recognise, and support, this document changing over time, as customer and other stakeholders begin their engagement activities with us, and as environmental circumstances continue to change. Updates to this document will be shared via the EDPR 2026-31 pages on Community Hub throughout 2023, 2024 and 2025.

      View earlier versions of our engagement plan:

      Our EDPR 2026-31 Engagement plan is the result of a co-design process with customer representatives and other stakeholders, and which builds on:

      • ongoing customer research
      • our own experience engaging across our three regulated networks
      • other electricity distribution businesses’ experience, and
      • engagement guidelines and best practices.

      You can read the report from the co-design workshop, which helped us build and develop our engagement plan.

      As outlined in the Letter of Agreement, panel members agree to declare all actual, perceived or potential conflicts of interest. Should a conflict of interest arise, members are asked to notify AusNet as soon as possible, disclose the conflict, and take steps that AusNet advises to manage or resolve the conflict. AusNet maintains a Conflict of Interest Register that records these disclosures, as well as actions taken in response to their disclosure.

      To find out more, visit AusNet's Code of Conduct.