In accordance with Subchapter 4.5 of the Pilbara Networks Rules (Rules) and the Interim Budget and Cost Management Procedure, the ISO sets its budget annually and may make mid-year budget adjustments if required.
The ISO published its draft mid-year budget review on its website from 15 December 2023 to 5 January 2024, to enable consultation in accordance with the standard stakeholder process outlined in Appendix 1 of the Rules.
The ISO received two submissions to its draft mid-year budget review, from APA and Horizon Power. The ISO considered the issues raised in the submissions in developing its final mid-year revised budget, and has provided a response to each of the stakeholder submissions.
The ISO has published the Final Pilbara ISOCo Mid-year Revised Budget 2023-24. This document outlines the spending changes from the 2023-24 Pilbara ISOCo approved budget. These spending changes are necessary to support the continued development and implementation of services across the ISO’s functions following commencement of the Rules from 1 July 2023.
The consultation process is as follows:
| Event | Date | Comments |
| Publish Invitation for Submissions | 15 December 2023 | Rule A1.4(b) – the decision maker must publish and invitation for submissions on the proposal. |
| Public Submission Period | Completed 15 December 2023 – 5 January 2024 | Rule A1.4(b)(iv) – the end of the submission period must be at least 10 business days from the publication of the invitation for submissions. |
| Consideration of Submissions | Completed | |
| Final Decision Published | 23 January 2024 | Rule A1.4(e)(ii) – the final decision must be published within: (A) Where a draft decision has been made, within 30 business days after the due date for submissions; or (B) Otherwise within 2 months after the due date for first round public submissions. |
Documents related to this proposal:
Final Pilbara ISOCo Mid-year Revised Budget 2023-24
Draft Pilbara ISOCo Mid-year Budget Review 2023-24
Notice of Invitation for Submissions
Submissions received: