Currently, privileges/edit still says:
Alternatives to Editing
If you don't have enough reputation to edit, there are alternatives:
- If the post is in urgent need of editing, flag it for moderator attention.
- If the post has a minor mistake, leave a comment for the author explaining the issue.
It's written as if suggested edits didn't exist.
Similarly, there is no privilege page for approving/rejecting edits. There's one for approving/rejecting tag wiki edits but that's a different privilege which is gained much later.