Australian electricity customers are benefiting as network cost-saving initiatives, lower financing costs and reduced demand pressures flow through in regulatory decisions.

Energy Networks Association Chief Executive Officer, John Bradley, said lower charges across networks would provide significant benefits to small and large customers.

The AER has proposed total funding reductions of around $6.5 billion across affected network businesses, or over $100 million per month.

 “It’s important to get the balance right – or we run the risk of higher catchup spending and greater price volatility for customers in future.