SP AusNet
(ASX:SPN) is likely to have its charges cut in Victoria by the Australian energy regulator.
The regulator's draft decision caps SP AusNet's revenue at $1.53 billion over three years from next April.
That’s a 4.4 per cent reduction on the total revenue proposed by the network provider.
AER chairman Andrew Reever says the decision could be significant for large industrial customers.
SP AusNet generated a net profit of $279.1 million for fiscal 2013.
