This will include extensive community and stakeholder consultation. Meters measure how much gas or electricity is being used at your service address. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. Our directors and executive team have a wealth of combined experience across the energy industry. Here are some of the cheapest published deals from the retailers on our database that include a link to the retailers website for further details. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project, Connecting VNI West to Western Renewables Link FAQs, 2021 Inputs, Assumptions and Scenarios Report, Project Specification Consultation Report, Report : VNI West PADR market modelling report, Modelling : VNI West PADR RIT-T NPV model, Modelling : VNI West Hydrogen Superpower model, Modelling : VNI West Progressive Change model, VNI West PADR Information Session 1 10 August 2022, Transgrid VNIW Roundtable Report Final June 2022, Victoria New South Wales Interconnector (VNI West), Regulatory Investment Test for Transmission (RIT-T), Preferred option identified for transmission project to share electricity between NSW and Victoria with $687 million in market benefits, Transgrid to help light up the Murray for Moama Lights, Federal funding of $75 million to secure supply and assess energy sharing options between NSW and Victoria. 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. The views expressed are his own. Jemena was recently allowed to win, a very out of the money, bid to build a pipe to bring gas from the Northern Territory to Eastern Australia. If you are on the Ausgrid network, it may pay to keep these details handy for the next time you have an outage or power supply issues. 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. From 1 December 2017, any new or replacement meters for homes or small businesses will be smart meters, installed by your electricity retailers appointed provider, not Ausgrid. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. An Outcomes Report documenting the discussion is available below in the Resources section. If you have any questions, comments or need further information, we'd be happy to hear from you. Not all network operators are subject to the same obligations. Ausgrid is the onlyelectricity distributorin this area and has sole responsibility for the maintenance of this network zone. 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. endobj }d'==)S~?i Transgrid and the Australian Energy Market Operator Victorian Planning (AVP) are progressing a joint Regulatory Investment Test for Transmission (RIT-T) to assess the technical and economic viability of expanding the transmission interconnector capacity between Victoria and New South Wales. 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. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. A community engagement event schedule will be published on our website and other channels in the new year. You can find the meter dimensions listed below. 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. We calculate as follows: By comparison, the four listed comparable investments, AUS, DUE, SKI trade as follows: You can see that the sharemarket tends to value these assets, once they have been optimised, and including some extra non regulated revenue at about 8.5X ebitda and at about 1.4X regulated asset base [RAB]. This means you can have time of use pricing. Licence granted to the Endeavour Energy Network Operator Partnership, Licence - to be read in conjunction with below variation. . That is, we persist on selling off the farm, to entities from countries that must think that we are idiotically free and easy. 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. Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. The route selection study process will involve taking the broad project area of interest established through the RIT-T process, and narrowing this down and refining based on more detailed consideration of technical, environmental, social and cultural constraints, as well as Traditional Owner, community and stakeholder landholder feedback. SKI owns 15% of the consortium. [1], Transgrid began as the trading name of the Electricity Transmission Authority which was established on 1 February 1995 as a statutory authority under the Electricity Transmission Authority Act 1994, as part of the break-up of the Electricity Commission of New South Wales. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. To determine a route, a detailed route selection study that considers all technical, environmental, social and Cultural Heritage constraints and opportunities will be undertaken. The primary options being considered include: 1. This suite of documents comprises TransGrid's application of the Regulatory Investment Test for Transmission (RIT-T) which has been prepared and made available solely for informat A range of potential options have been considered through the RIT-T framework. <> Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 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. 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. Automation systems enable us to exert control in any part of the network and to enable communication between substations or switching stations and our control centre. ESCO Pacific on track to achieve 1GW development goal, A unique mix of opportunities and challenges for solar energy, How this Aussie-made technology is smashing the solar ceiling, ACT claims highest home battery density in Australia, as rebate scheme winds up, Jinko Solar unveils second generation Tiger Neo solar panels, Polestar EV battery packs now powering Candela electric hydrofoil boats, Used Tesla listings reach all-time high in Australia as price cuts take effect, Hertz and Uber ramp up electrification efforts in Europe with 25,000 EVs. Licence granted to the Ausgrid Operator Partnership, Licence - to be read in conjunction with the below variations, Minister's variation - Signed by the Minister on 4 December 2017, Minister's variation - Signed by the Minister on 5 February 2019, Minister's variation - Signed by the Minister on 23 September 2022. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Due to these timeframes, and the long lead times of transmission projects, AEMO Victorian Planning (AVP) and Transgrid (the network planner in New South Wales) are progressing a joint RIT-T for VNI West, and endeavouring to complete this process in early 2023. Here are the energy distributors in NSW. $("#scpopover_282170").popover({ Non-confidential submissions to the PADR are available to view at the AEMO project webpage. Should the project pass the RIT-T by demonstrating it would deliver the greatest net market benefits, it can progress to the next stage Initial Works - which include route identification, planning and approvals processes. 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. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Whether benchmarking is an appropriate method for estimating allowable costs for Ausgrid and whether the AER used benchmarking in an appropriate way to produce an appropriate outcome. 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. html: true, These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Our approach centres on transparency, accessibility, inclusiveness and communication. 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. A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. Transgrid runs over 13,000 kilometres of transmission wires in . Strengthening the grid to deliver affordable, reliable and clean energy to customers. 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. The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. The issues we are aware of, and an explanation of how these issues have been considered where possible, will be outlined in the further RIT-T consultation report to be published in February 2023. The residents, after many urgent appeals to Ausgrid's COO Trevor Armstrong and the chairman Roger Massey-Green, had been given no other option to notify local MP's, the media, the Environmental Protection Authority and other authorities to get action against Ausgrid. Electricity Commission of New South Wales, "$10.3 billion NSW power sale a good deal for the Baird government", The State Grid Corporation of China: Its Australian engagement and military links, "AGL, Energy Australia, Origin join charter to cut power prices", "TransGrid welcomes Omers to its ownership group", https://www.transgrid.com.au/media/dn5oq3j3/modern-slavery-statement.pdf, "Brett Redman appointed as Transgrid Chief Executive Officer", Transgrid Begins Renewable Energy Zone work in NSW, EnergyAustralia (state government enterprise), Sydney County Council (Sydney Electricity), List of power stations in New South Wales, https://en.wikipedia.org/w/index.php?title=TransGrid&oldid=1093372475, Electric power transmission system operators in Australia, Former government-owned companies of New South Wales, Caisse de dpt et placement du Qubec companies, Sovereign wealth fund portfolio companies, All articles with bare URLs for citations, Articles with bare URLs for citations from March 2022, Articles with PDF format bare URLs for citations, Creative Commons Attribution-ShareAlike License 3.0, New England County Council (New England Electricity), North West County Council (North West Electricity), Northern Riverina County Council (Northern Riverina Electricity), Northern Rivers County Council (Northern Rivers Electricity), Peel-Cunningham County Council (PCCC Electricity), Shortland County Council (Shortland Electricity), Southern Mitchell County Council (Southern Mitchell Electricity), Southern Riverina County Council (Southern Riverina Electricity), Southern Tablelands County Council (Southern Tablelands Electricity), This page was last edited on 16 June 2022, at 05:42. These are products from a referral partner. This consultation will focus on Traditional Owners and communities that are potentially impacted by the alternative connection location of VNI West into WRL so we can be confident we understand all the local factors before making any decision. On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. Projects such as VNI West represent once-in-a-generation opportunities to shape the NSW and Victorian transmission network in a way that delivers the best possible value to electricity customers over the long term. Interval meters record how much electricity is used every 30 minutes. Electronic accumulation meters have a digital display. Manage shared electricity infrastructure, Report hazard or loss of supply 13 13 88, Electricity supply interruptions 13 20 80, Access Alinta Energy Rewards Shop discounts and benefits, 50% off Mobile when combined with AGL energy. Metering systems located at customer connection points in the network, usually at substations, record the amount of power being transmitted at that point and charge the customer accordingly. They help us to ensure electricity is reliably transmitted across NSW and the ACT, and allow us to immediately respond to faulty transmission lines, substations and/or switching stations. Ausgrid welcomes the opportunity to comment on the AEMC's consultation paper regarding the participant derogation rule change proposals put forward by TransGrid and ElectraNet for the financeability of integrated system plan (ISP) projects. Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. Electricity is also transmitted into areas with high population density through high voltage underground cables. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). 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. While generators are required to provide adequate notice before decommissioning, there are risks that a substantial plant failure, loss of significant revenue or force majeure events could cause an early or unexpected plant retirement. Feedback from face-to-face and virtual meetings with stakeholders, including councils and local communities, on the PADR has seen 26 written submissions received from a broad range of stakeholders. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. <> We are currently working on a new community engagement plan to drive awareness of the additional work AVP will be undertaking to better understand potential connection opportunities between VNI West and WRL. If you would like to learn more, independent consultants GHD and Stantec have finalised The HumeLink Project - Underground report. We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. This agreement will enable Transgrid to plan with confidence and maximise the opportunity to deliver the project aligned with the RIT-T process. You can also contact the Transgrid team in NSW via VNIW@transgrid.com.au or the AEMO team in Victoria via VNIWestRITT@aemo.com.au. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. By leading the transition to a clean energy future, we aim to make a better power system for Australians. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. @ Copyright RenewEconomy 2020. [ 11 0 R] stream Reports were that this was an absolutely massive legal case with barristers stacked 3 deep and some parties having to get counsel from Melbourne since every Sydney barrister who knew the subject was already engaged on the case. AusNet has and continues to investigate project alternatives as part of the EES. In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: - Transgrid was fully leased to private operators in December 2015 - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. And also note ourlive generation widget,and theAPVI solar contribution. If you experience a blackout or power outage, Ausgrid should be your first port of call. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. Ausnet owns and operates Victorias electricity transmission business, is one of 5 electricity distribution operators in Victoria and also owns one of the gas distribution businesses in Victoria. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. Refer to the product fact sheet (or relevant similar documentation) before making any purchase decision. This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. Our crew are working to safely restore power. Social and environmental issues are key considerations for a range of community and stakeholders in the assessment of any major infrastructure project, including major transmission projects. endobj Ausgrid owns most meters connected to our network. In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. twitter Major decisions, such as the location of the VNI West connection to WRL, consider engineering and economic factors. <> Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. These guys already own lots of the assets. This means you are charged the same amount for the electricity you use, regardless of when you use it. The reading is then validated and sent to your electricity retailer who calculates your final bill. News and analysis for the clean energy economy. The proposed expansion will address transmission network limitations. The RIT-T assessment decision is expected in 2023. 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. Any difference between the reference price . The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Ausgrid owns most meters connected to our network. You can find the meter dimensions listed below. Once you are connected, all that is left to do is choose an electricity provider. 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