APA Group (ASX:APA) today welcomes the Australian Energy Regulator’s (AER) final decision on its Basslink revenue proposal. The final decision provides total revenue of $459.5 million for a four-year period from 1 July 2026 to 30 June 2030.

This outcome now enables APA to take steps to cease trading Basslink as a Market Services Network Provider on 30 June 2026, with the asset to operate as a regulated Transmission Network Services Provider on 1 July 2026.

CEO Comments

APA CEO and Managing Director Adam Watson said:

“We are pleased with today’s outcome, which provides long-term certainty for energy consumers and APA investors. Basslink remains the only electricity interconnector between Tasmania and Victoria and will continue to play a central role supporting energy security across both states.

“We look forward to transitioning the asset to a regulated Transmission Network Services Provider on 1 July 2026.”

Background on revenue proposal

APA submitted its initial revenue proposal in September 2023 and made subsequent updates in August 2025 following an extensive stakeholder consultation process. After receiving the AER’s draft determination in September 2025 APA submitted a revised proposal for Basslink’s 2026 to 2030 revenue determination, with the aim of delivering an outcome to ensure reliable and efficient operation. This has been achieved.