The matters that can and cannot be considered are set out in RIT-T application guidelines developed by the Australian Energy Regulator (AER). We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. Transgrid conducted a roundtable meeting with key stakeholders on 1 June 2022, providing an overview of the VNI West project and an update on its current status within the RIT-T process. With multiple tariffs on the Ausgrid network, there is an exhaustive list of pricing information. tariff options for energy customers in New South Wales, cheapest electricity prices in New South Wales, three electricity distributors in New South Wales. endobj delay: { hide: 300 }, . [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 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. Key learnings from previous projects are also informing the development of consultation plans. The RIT-T assessment decision is expected in 2023. 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. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. An Outcomes Report documenting the discussion is available below in the Resources section. This page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. }d'==)S~?i The PADR and its attachments, and the July 2022 Project Update, can be accessed below in theResources section. . Timing on the route selection process will be shared with stakeholders and community when known. Please see the review page for details of the review. }); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. In the National Energy Market, our operations are governed by a number of institutions. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. Well-targeted and timely investment in the transmission network is therefore required to keep pace with these changes and provide consumers with the most cost-effective energy outcomes while maintaining reliability and security. Ausgrid, Evoenergy, and Essential Energy. There are routine meetings with councils and in the new year, we will be providing more details on further opportunities for stakeholders to share their insights and feedback on VNI West connection locations to WRL. In response, AVP and Transgrid are investigating alternative locations in the Waubra/Lexton or Bulgana areas for connection of VNI West, which would still run via a terminal station in the area of Kerang. If you live on the central-east coast of New South Wales, your electricity distributor will be Ausgrid. 3. 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. [10], Brett Redman Chief Executive Officer[12], Craig Stallan - Executive Manager Works Delivery, Kasia Kulbacka - Executive Manager Network Planning & Operations, Chris Pemberton Executive Manager Corporate Services, Richard Lowe - Chief Executive Officer - Lumea, Brian Salter - Executive Manager Legal Governance & Risk, Eva Hanly Executive Manager of Strategy, Innovation & Technology, Jeff Forrest Chief Financial Officer (Acting). 10 0 obj VNI West will provide a vital new transmission line to link new renewable generators with the grid and ensure reliable, affordable power as Australia transitions to clean, low-cost renewables. 13 0 obj The PADR submission phase is designed to receive feedback from stakeholders, including community, on the proposed preferred option. By leading the transition to a clean energy future, we aim to make a better power system for Australians. It is recommended that you engage with an electrical professional when making your application to assist in picking the right connection design for you. More consultation will occur early 2023, before a final decision is made. To understand specific land use issues, we are consulting with Traditional Owners, communities and stakeholders in the Waubra/Lexton (Djaara Country) and Bulgana (Wotjobaluk Country) areas. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. Unlock clean, lowest-cost electricity from existing and future renewable energy zones (REZs) in Victoria and New South Wales as coal-fired power stations close. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Trevor Armstrong (COO), 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 20 September 2022, at 13:11. 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. Unfortunately, no. The change in voltages occurs at substations. 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. The project is also expected to support regional employment and economic growth in some capacity across the LGAs where the project is sited. Our database may not cover all deals in your area. [ 11 0 R] And also note ourlive generation widget,and theAPVI solar contribution. In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. Refer to the product fact sheet (or relevant similar documentation) before making any purchase decision. 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). Who owns the electricity grid in New South Wales? We are currently undertaking this work and its likely a decision will be made early in 2023, following further consultation. 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 interconnector upgrade will boost interstate power flows and lower energy bills. 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. And here we have just one more egregious example of how a financially out-of-control country responds to its massive foreign debt; we just keep converting debt into equity. Try selling that to politicians or Joe Public. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. 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. 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. AusNet continues to investigate WRL project alternatives as part of the Environment Effects Statement (EES) and to evaluate the impact that any proposal to relocate the terminal station may have on the WRL project. 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. Our database may not cover all deals in your area. Transgrid runs over 13,000 kilometres of transmission wires in NSW and the ACT, with connections in Queensland and Victoria as well. If you would like to register interest for future notifications of consultation, or read more about the project, please reach out to AVP and Transgrid through the contact details below. 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. Transgrid operates and manages the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. Here is some general information about when you should and should not contact Ausgrid: Bill-payers living on the New South Wales central-east coast can contact Ausgrid for a number of services including electricity connections, projects and maintenance in the area, pricing and tariff information, rooftop solar installations and faulty connections or outages. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. However, having paid our $50 to get a copy of the AERs filing of 24 March, we now think they may have more of a chance. We recognise the vital role that Traditional Owners and stakeholders, including community and landowners, have in the planning and delivery of major transmission infrastructure projects. 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. Ausgrid was government-owned until December 2016 when it became majority-owned by private investor groups. power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. The interconnector upgrade will boost interstate power flows and lower energy bills. Electricity is also transmitted into areas with high population density through high voltage underground cables. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). Our approach centres on transparency, accessibility, inclusiveness and communication. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. <>>> To best find out what tariff you should sign up to, you may need to visit Ausgrids Network Prices page. trigger: "onclick hover", We have started engaging with stakeholders including local governments, Traditional Owner groups and community representatives on a range of local factors related to the project, including the location of the terminal station for the VNI West connection to WRL. html: true, As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. This includes gathering Traditional Owners, Registered Aboriginal Parties, community and stakeholder feedback and land surveys. 11 0 obj This regulatory process ensures energy users avoid paying more than necessary for electricity through the transition to net zero emissions. Sad that our essential services have been become the plaything of corporate interests and so much is wasted legal and financial arguments of how to share the spoils as opposed to reducing greenhouse gas emissions and supplying power. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Switching stations are used to provide greater control of the electricity at particular points in the network. [7], In 2020, OMERS acquired a 19.99% stake in Transgrid from Wren House Infrastructure Management, which is part of the state-owned Kuwait Investment Authority.[8]. <> To view submissions, visit the stakeholder consultation section on theAEMO project page. 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. As always, check all details of any plan directly with the retailer before making a purchase decision. Ausgrid does not operate as a general electrician service and can only assist with issues that relate to your network connection. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. Our directors and executive team have a wealth of combined experience across the energy industry. 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 . For this reason these meters are also known as flat rate meters. This means you are charged the same amount for the electricity you use, regardless of when you use it. install a solar PV system at your property. Below we have listed some of the important information about Ausgrid. Some people occasionally get confused about the difference between distributors such as Ausgrid and . We have provided links to each network operator's licence (and any subsequent variations) below. endobj The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. This is why we are taking this step of consulting with potentially impacted communities so we can be confident we understand all the local factors before making any decision. <> Get up to 3 free, no obligation quotes from highly-qualified installers. Ausgrid owns most meters connected to our network. [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]. [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. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. If you are looking to organise a new power connection, the first thing you will need to do is ensure the property is situated within the Ausgrid network. David Leitch is principal of ITK. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. SGC owns 19.9% of listed stapled security Ausnet. Should WRL not receive the required environmental and planning approvals, the impact on VNI West would need to be considered at that point in time. We operate and manage the high voltage electricity transmission network in NSW and the ACT. It is possible that conflict may exist between standard documents. The difference per year between what Ausgrid wanted going forward (green line) and what the . Concerned? VNI West will harness cleaner, cheaper electricity from existing and future renewable energy zones in New South Wales and Victoria, significantly boosting the ability to share energy between states and unlock the full potential of Snowy 2.0s deep energy storage. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. 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. You can also contact this distributor to request a pole inspection, tree trimming or to receive from. Time, you will need to contact Ausgrid between distributors such as Ausgrid and supporting in! 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