This summary is an aide only, and should not be relied upon by licence holders and other stakeholders as a substitute for thoroughly reading all relevant regulatory instruments. 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. Ausgrid undertook the rapid replacement of its fleet of vehicles. 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. 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. Please visit AusNets website for further details of the current schedule. Transgrid is the manager and operator of the high voltage electricity transmission network in New South Wales and the Australian Capital Territory, Australia, and is part of the National Electricity Market (NEM). If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. This is front page news. This page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. The PACR, including responses to feedback received, will be published in 2023. While visual amenity impacts and bushfire risk are reduced, undergrounding raises its own suite of issues: for example, disturbance to flora and fauna, and archaeological sites, and increased impact on land use (the land above an underground power line may not be able to be used for some farming activity). He was formerly a Utility Analyst for leading investment banks over the past 30 years. To us the AER is saying the Tribunal complained about using econometric data just because it was econometric data, and the Tribunal wants the AER to use bottom up Ausgrid costs but is not entitled to so order and in any event didnt provide enough guidance to enable that to be done. 7 0 obj The following chart is from the AERs final report. Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. As a qualified journalist, Kelseigh aims to light the way for everyday Aussies, helping them find a better deal on their energy plan. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. For more info: https://t.co/bZtdLPjc9L. 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. 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. The views expressed are his own. Transgrid and AVP recently held online information sessions on 10 August 2022 and 25 August 2022 to provide an overview of the VNI West PADR. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. VNI West will be critical in the development of additional renewable generation in western Victoria and southwestern New South Wales, as the NEM transitions to low-emission generation technologies such as wind and solar. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. 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. 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. Here are the energy distributors in NSW. endobj Electronic accumulation meters have a digital display. 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. Feedback was received during the PADR Submission process suggesting alternative connection points for the Victorian end of VNI West. 14 0 obj <> We engage with the public to safely manage works that take place near our assets. The electricity network and transmission lines in NSW are owned by Transgrid - a privately owned company. linkedin. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). Discover opportunities for apprentices, graduates and professionals. endobj Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. [citation needed], "Treasurer blocks sale of Ausgrid to Chinese, Hong Kong bidders", "Treasurer Scott Morrison blocks sale of Ausgrid to foreign bidders", "Ausgrid sale: Baird Government sells half to Australian firms for $16 billion", "Police intervene in stand-off between Ausgrid and angry Penhurst residents", "March of the tall grey poles has residents fuming", Electricity Commission of New South Wales, 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=Ausgrid&oldid=1111334623, Government-owned companies of New South Wales, Electric power distribution network operators in Australia, Articles with unsourced statements from April 2022, Creative Commons Attribution-ShareAlike License 3.0, Richard Gross (CEO) In the case of Ausgrid, the network assets would then be leased to an entity or entities in which the private sector bidders would hold a 50.4% equity interest.1 The State would retain a 49.6% equity interest in the lessee entity or . 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . In the National Energy Market, our operations are governed by a number of institutions. 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. We note that in Australia CKI is the majority owner and operator of the wires and poles in South Australia (with the listed stapled security Spark Infrastrucure [SKI]), is the majority owner and operator of two of Victorias distribution businesses (Citipower and Powercor) again with its partner SKI, owns 100% of the gas transmission and distribution business Envestra [ENV]. In essence we think that offshore buyers may pay significantly less tax than Australian buyers. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. Bulgana option: a new 500kV line connecting WRL at a new TS near Bulgana to PEC; OR a new 500 kV line connecting WRL at a new TS near Bulgana to PEC, via a new TS near Bendigo and a TS station near Kerang. For information and updates on the VNI West RIT-T, please visit AEMO's VNI West RIT-T project page. With a future with diminishing mineral resource extraction, and the best arable land being progressively sterilised by a variety of impacts (urban sprawl, land degradation (erosion, salinisation, acidification)), and more mouths to feed because of the rapacious demands of developers and other pro-immigration scammers, there seems little opportunity to reel in this dire situation without severely reducing our expectations in resource consumption (ie, living standards). Targeted interconnector expansion between these regions would help to address transmission networklimitations,andimprove supply reliability as ageing coal-fired plants retire and access to competitively priced electricity from renewable generators and energy storage becomes critical. These are products from a referral partner. Ausgrid is an electricity distributor, which means it is responsible for building and maintaining the wires, transformers, substations and low-voltage poles that bring energy to your home. This will include extensive community and stakeholder consultation. The PSCR seeks feedback and advice on the identified need for new transmission infrastructure. Our directors and executive team have a wealth of combined experience across the energy industry. power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. Ausgrid chief executive Richard Gross is to step down just as pressure on the NSW electricity distributor's management is mounting over industrial action and an upheaval looms in the ownership . Further project information is available from AVP and Transgrid through the contact details below. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. The $16.2 billion figure is the value of all of Ausgrid's debt, plus proceeds received for the 50.4 per cent equity stake. 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. Transgrid has entered into an underwriting agreement with the Commonwealth Government to develop the Victoria to New South Wales Interconnector West (VNI West), a major transmission infrastructure project proposed to secure the electricity supply and boost sharing between the two states. EnergyConnect is a critical project that will lower power bills for homes and businesses. The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. By leading the transition to a clean energy future, we aim to make a better power system for Australians. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. Ausgrid has a selection of tariff options for energy customers in New South Wales, each of which outline different connection charges and metering for homes and businesses. endstream Ausgrid operates under this partnership in a long-term lease, with Australian Super and IFM Investors owning 50.4 per cent of the network, while the NSW Treasury owns 49.6 per cent. Transgrid is the manager and operator of the high voltage electricity transmission network in New South Wales and the Australian Capital . By leading the transition to a clean energy future, we aim to make a better power system for Australians. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. As part of the AVP and Transgrid analysis, options are also being assessed to determine the benefits of harnessing more renewable generation from the western Victoria renewable energy zone through uprating WRL to 500kV all the way to Bulgana, irrespective of where VNI West connects in. AVP and Transgrid have already commenced engagement with a number of Traditional Owner groups and other key regional stakeholders, including councils and community groups through the RIT-T process to build understanding of unique, local issues. endobj How good are these numbers? Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. Our crew are working to safely restore power. Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers . This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. Once this is complete, youll need to lodge a request for a connection and define the electrical requirements of your property. Since the 1950's, our network has developed to meet the growing needs of energy consumers. Reliability and performance licence conditions, Transmission reliability and performance standard. This will provide meaningful opportunity for stakeholder and community engagement on values, opportunities and constraints before a final decision on connection location is made at the time the RIT-T is concluded, and the Project Assessment Conclusions Report (PACR) is published. We provide a summary of certain obligations of network operators below, to assist stakeholders. In this event, the most recent standard shall prevail. <> Electricity is also transmitted into areas with high population density through high voltage underground cables. A transmission line transmits electricity across vast distances. David Leitch is principal of ITK. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. The project Specification consultation report ( PSCR ) for VNI West feedback received, will be made the... 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