State Grid's bid was cleared by the Foreign Investment Review Board but was eventually unsuccessful,[6] possibly because of its government and military connections. In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. The Ausgrid network covers over 22,000 square kilometres, spanning from Sydney to the Great Dividing Range. Key learnings from previous projects are also informing the development of consultation plans. [3], In December 2015, a consortium called NSW Electricity Networks was the successful bidder for a 99-year lease of Transgrid's transmission network[4] for $10.3 billion. The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. Reliability and performance licence conditions, Transmission reliability and performance standard. <> Before entering the distribution network managed by Ausgrid, Endeavour Energy and Essential Energy, the voltage must be reduced from 132 kV, 220 kV, 330 kV or 500 kV to lower voltages. EnergyConnect is a critical project that will lower power bills for homes and businesses. Our approach centres on transparency, accessibility, inclusiveness and communication. In the National Energy Market, our operations are governed by a number of institutions. In order to assess all network and non-network options from a technical and economic perspective, we are using the Australian Energy Regulators Regulatory Investment Test for Transmission (RIT-T). On 29 July 2022, Transgrid and AVP published the Project Assessment Draft Report (PADR), which examines the technical and economic factors leading to identification of a proposed preferred option for VNI West. for rating of Ausgrid's underground cables and some detail on why this information is required, the information Ausgrid will supply as part of rating Ausgrid assets and a checklist to ensure all aspects of rating an underground are considered. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. The structures are either steel towers or poles made of steel, concrete or wood. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. That review had recommended that a separate body to the ACT should be formed since there was wide spread feeling that the ACT review process had been frankly too legal and too one sided. . A lot of work is currently underway to understand the specific land use and community issues for each of the potential connection points to inform that decision. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project. You will also need to make an application to Ausgrid if you wish to install a solar PV system at your property. <> In February 2023, we will also be publishing a consultation report explaining the proposed preferred option from this additional analysis and inviting further feedback through written submissions prior to concluding the RIT-T. We are and will continue to engage with Traditional Owners and stakeholders to facilitate meaningful input, and clearly explain the rationale and benefits of the project. You can find the meter dimensions listed below. Concerned? [1] It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company, along with the EnergyAustralia brand, was sold by the Government of New South Wales, and the remainder renamed Ausgrid. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. Waubra/Lexton option: a new 500kV line connecting WRL at a new terminal station (TS) near Waubra/Lexton to Project Energy Connect (PEC); plus, a potential variation of an additional 500kV spur to Bulgana (i.e. Affected residents groups from the suburbs of Leichhardt,[5] Penshurst[6][7] and East Lindfield[8][9] protested against proposed electricity infrastructure[10] being installed in front of their residential homes without proper consultation or response to complaints by the community. Route selection will be finalised after the regulatory test for this project is completed, and in close consultation with stakeholders and communities. Transgrid runs over 13,000 kilometres of transmission wires in NSW and the ACT, with connections in Queensland and Victoria as well. Some of the benefits of interval meters include more detailed information on your energy use and the opportunity for pricing plans that provide incentives to reduce your demand for electricity during peak times. AVP and Transgrid also support the Energy Charters work in developing social licence guidelines for co-existence of transmission infrastructure and agriculture in an attempt to mitigate negative impacts and prioritise the need for shared values through the energy transition. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. This consultation will provide a number of different opportunities for community members to provide feedback in addition to our regular engagement with councils, governments, consumer representatives and industry. The whole appeal process was entirely opposite to the spirit of better regulation and contrary to recommendations of a review of the appeals process. Alternatively, you can call Ausgrid at any time on 13 13 88. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 2 0 obj The RIT-T process is a regulatory process defined in the National Electricity Rules (NER) as limited to determining if a project will deliver positive net market benefits to the National Electricity Market (NEM) as a whole. Stay up to date. The value of Ausgrid will swing by billions of dollars depending on the outcome of the AERs appeal to the Federal Court against a very legalistic ACT ruling over 2014-2019 regulated revenues. The AER argues that the Tribunal expressed concerns about the use of estimated econometric data to estimate Ausgrids costs, but made no finding that the estimates were materially inaccurate or unreliable. This includes gathering Traditional Owners, Registered Aboriginal Parties, community and stakeholder feedback and land surveys. As part of this we are committed to having robust processes to determine stakeholder and community needs and be accountable on how feedback has been considered and incorporated into decision making. endobj Transmission reliability and performance standard -applicable from 1 July 2018. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. We are collaborating with local governments, Traditional Owners, Registered Aboriginal Parties, the Australian Energy Infrastructure Commission, and other key representative organisations to inform and guide our engagement activities and to build broader community awareness of the project. On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. endobj Early 2023, we will also be publishing a further consultation report on the outcomes of the options analysis and inviting written submissions prior to concluding the RIT-T. We are and will continue to engage with stakeholders to facilitate meaningful input from stakeholders and communities, and clearly explain the rationale and benefits of the project. Discover opportunities for apprentices, graduates and professionals. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. Our database may not cover all deals in your area. This consultation will provide a number of different opportunities for community members to provide feedback in addition to our regular engagement with councils, governments, consumer representatives and industry. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. We engage with the public to safely manage works that take place near our assets. content: `Our journalists and editors are committed to bringing you accurate, clear and detailed information, and ensuring this page gives you the full picture at the time of publication or update. We will also be publishing an additional RIT-T consultation report in February 2023, outlining the results of the analysis to date, a proposed preferred option and the reasoning for selecting that option, and seeking formal feedback on the proposal. Once you are connected, all that is left to do is choose an electricity provider. Integrating sustainability principles across our operations helps to protect our communities. The views expressed are his own. This preferred option establishes the broad area of interest for the project, including locations for connecting the project into the existing network. He is principal at ITK, specialising in analysis of electricity, gas and decarbonisation drawn from 33 years experience in stockbroking research & analysis for UBS, JPMorgan and predecessor firms. Transgrid acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we work and we pay our respect to their Elders past and present. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. Videos of the presentation can be viewed below, with copies of the slide pack available in the Resources section below. [2][3] In September 2016 the New South Wales Government instead accepted a bid from an Australian-based consortium of AustralianSuper and IFM Investors, for a sum of $16 billion.[4]. 4 0 obj However, if a decision is made to connect VNI West to an alternative WRL terminal station location, the submission of the WRL Environment Effect Statement may be further delayed. $("#scpopover_282170").popover({ AVP and Transgrid sought and encouraged feedback from stakeholders via submissions and consultations on the Project Assessment Draft Report (PADR), which was published in July 2022. These leases resulted in some additional obligations for the three operators, including the following: - The Code of Practice for Authorised Network Operators, which relates to environmental impact assessments and compliance, is required as a licence condition. Ausgrid was government-owned until December 2016 when it became majority-owned by private investor groups. It will harness clean, low-cost electricity from existing and future renewable energy zones (REZs) in New South Wales and Victoria (Murray River REZ and Western Victoria REZ), significantly boosting the ability to share energy between states and increase access to Snowy 2.0s deep energy storage. The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. [2] The Authority was corporatised in December 1998, by the Energy Services Corporations Amendment (Transgrid Corporatisation) Act 1998, and Transgrid became the actual name of the corporation. JFIF JExif MM * 2 :( XICC_PROFILE HLino mntrRGB XYZ 1 acspMSFT IEC sRGB -HP cprt P 3desc lwtpt bkpt rXYZ gXYZ , bXYZ @ dmnd T pdmdd vued L view $lumi meas $tech 0 rTRC. Not all network operators are subject to the same obligations. We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. VNI will help lower the cost of wholesale electricity across the National Electricity Market. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). endobj stream This page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. A route selection study would follow conclusion of the project being endorsed by the RIT-T process, and is most likely to be progressed within the context of an EES (in Victoria) and an Environmental Impact Statement (in New South Wales). This means you can have different electricity rates for usage at different times of the day, depending on the tariff you sign up to with your electricity retailer. The interconnector upgrade will boost interstate power flows and lower energy bills. To read an interval meter the meter reader attaches an optical probe to the meter and downloads the 30-minute interval data into a handheld computer. AER appeal to the Federal court is the shadow hanging over Ausgrid. We focus on making services affordable, prioritising safety, and delivering for our customers. One of the key issues identified through the submissions and engagement was the proposal to connect VNI West to the Western Renewables Link (WRL) at the proposed terminal station at Mount Prospect, and its compatibility with land use between Ballarat and Bendigo. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. We engage with the public to safely manage works that take place near our assets. Any decision to include undergrounding would require consideration of all technical, environmental, social and cultural constraints, together with stakeholder and community feedback. If you would like to learn more, independent consultants GHD and Stantec have finalised The HumeLink Project - Underground report. Reduce carbon emissions, and helping achieve state-based renewable energy targets, while continuing to deliver safe, reliable and affordable electricity to consumers. The appeal grounds around the appropriate cost of debt are much more legal, and in part, turn on whether the ACT was even entitled to consider the matter and whether the appropriate benchmark entity is a regulated utility or an unregulated entity. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. Transgrid and AEMO Victorian Planning (AVP) have today published the Project Assessment Draft Report (PADR) for the Victoria New South Wales Interconnector (VNI) West project as part of the Regulatory Investment Test for Transmission (RIT-T) process. SGC owns 19.9% of listed stapled security Ausnet. The following chart is from the AERs final report. We have provided links to each network operators licence (and any subsequent variations) below. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. As always, check all details of any plan directly with the retailer before making a purchase decision. More consultation will occur early 2023, before a final decision is made. These guys already own lots of the assets. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. In this event, the most recent standard shall prevail. Before entering the distribution network managed by Ausgrid, Endeavour Energy and Essential Energy, the voltage must be reduced from 132 kV, 220 kV, 330 kV or 500 kV to lower voltages. Electronic accumulation meters have a digital display. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. A new 500kV transmission line will carry electricity to customers from new generation sources. Our database may not cover all deals in your area. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. According to the Ausgrid website, over four million Aussies rely on their energy from this network. Transgrids recent commitment to the Project Energy Connect enhanced 500 kV investment between Dinawan and Wagga, which has been supported by the Federal Government, the announced earlier closure date of Yallourn Power Station, EnergyAustralias announced Jeeralang Battery in Victoria, Inform stakeholders of the investment need and proposed optionsto address it, Test the market for alternative and more efficient solutions. twitter 12 0 obj The change in voltages occurs at substations. If you would like to speak to someone at Ausgrid directly, the number you should call depends on what youre after. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. We acknowledge community concerns that can be created by this uncertainty and therefore want to make a decision as quickly as possible while ensuring that there is still adequate time for communities and other stakeholders to provide input. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of If you have not organised your connection within this time, you will need to re-apply for a new contract in order to get connected. xn6 R*`3 @plne5QmkKm-I Y)?ji6d|VU>_~-fZnfS)_^oBlB+ETPz88kO0Fc67u[7CG~7\AO<2-OVG#\H 6{}V0\l9G!5B5QllA^HSVYPsm|B#okN"7dnj:[rSCxuYUjZ~3B={"9q#@DR;2zs?pu{0_)1@}JQ`{0Fjz`Yd5{,k(Vop/q"4lDQ`DyIpry0K `zZTA2= We are committed to working closely with local stakeholders, Traditional Owners, landholders and communities throughout the project area to understand how we can maximise benefits across the board. By leading the transition to a clean energy future, we aim to make a better power system for Australians. These are products from referral partners. AVP and Transgrid appreciate the thoughtful submissions provided to date on VNI West and will continue open discussions with Traditional Owners, communities, and stakeholders on this important transmission project. In general investment banking analysts were critical of the price paid although the SKI share price has held up well. Here are the energy distributors in NSW. There are three electricity distributors in New South Wales one for the central-east coast, one for the regional and country areas and one for the metropolitan areas. It is the first of a three stage RIT-T process. Each meter records and displays the information differently. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. The RIT-T assessment decision is expected in 2023. As part of the RIT-T process, a preferred option must be identified that maximises the net market benefits for consumers while meeting the power system needs. Here are the EnergyAustralia plans on our database for NSW. The Ausgrid network covers the central-east coast of New South Wales, spanning from Sydney to as far north as Nelson Bay and as far west as the Great Dividing Range. Transmission lines transport electricity at high voltages primarily to minimise energy losses. Ausgrid maintains a copy of this and other Network Standards together with updates and amendments on www.ausgrid.com.au. 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