endobj Implementing our Reconciliation Action Plan contributes to creating a more equitable future. The RIT-T assessment decision is expected in 2023. If you have any questions, comments or need further information, we'd be happy to hear from you. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. To be read in conjunction with below variation. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. <> 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. 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. Meters measure how much gas or electricity is being used at your service address. Once you are connected, all that is left to do is choose an electricity provider. Alternatively, you can call Ausgrid at any time on 13 13 88. A new 500kV transmission line will carry electricity to customers from new generation sources. The Review of limited merits appealconcluded: The Panel therefore recommends that a new, wholly administrative, review body, provisionally labelled the Australian Energy Appeals Authority (AEAA), take over all, or the great bulk of, energy sector review work currently undertaken by the ACT, and in particular that the AEAA take over review of NSP revenue/price determinations. (See p5 of document). Our approach centres on transparency, accessibility, inclusiveness and communication. Ausgrid is the onlyelectricity distributorin this area and has sole responsibility for the maintenance of this network zone. Ausgrid owns most meters connected to our network. 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. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. [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. By leading the transition to a clean energy future, we aim to make a better power system for Australians. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 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]. Explain to stakeholders the basis on which the preferred option has been selected. Transmission reliability and performance standard -applicable from 1 July 2018. 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. endobj We have rigorously tested TransGrid's forecast costs to check . We also note in Victoria, through the proposed Victorian Transmission Investment Framework (VTIF) currently under consultation, VicGrid is aiming to deliver social and economic benefits in ways that are fair, meaningful and participatory. stream Our engagement program to date and at this time, is to build confidence that the decision where best to connect VNI West into WRL has taken into account key technical, economic, social and environmental considerations to the extent possible at this RIT-T stage. AVP and Transgrid are committed to working with stakeholders and communities from an early stage in the RIT-T process to build our understanding of the local context, listen to interests or concerns, and use that information to help to refine transmission line route options. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). VNI West is a core component and priority project in the AEMOs 2022 ISP, which confirms the need for short- and longer-term investment to increase the transfer capacity between the states and it will provide a unique opportunity to deliver transmission infrastructure that supports new private sector investment in Clean Energy. 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. 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. <> We focus on making services affordable, prioritising safety, and delivering for our customers. Reliability and performance licence conditions, Transmission reliability and performance standard. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. The proposed expansion will address transmission network limitations. While this additional analysis is exploring options for VNI West, there is potential for any decision to directly impact landholders and their neighbours along the existing WRL proposed route. 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. Our database may not cover all deals in your area. Ausgrid has a live feed ofpower outages available on its website, along with a map that indicates where these outages are. Here are the Origin Energy plans on our database for NSW. Transmission projects have long lead-times that require extensive community engagement, planning and construction activities. }d'==)S~?i Ausgrid revised regulatory proposal - Attachment 9.02 5 the types of transmission system assets that are directly attributable to each category of prescribed transmission services; and those parts of a proposed transmission pricing methodology, or the information accompanying it that will not be publicly disclosed without the consent of the TNSP. AGL, Origin). Transgrid . . 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. The structures are either steel towers or poles made of steel, concrete or wood. If not, you can select your property on the map to report an outage. In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. Together, this will reduce carbon emissions and help to fill the electricity supply gap as coal fired power stations close. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . Once this is complete, youll need to lodge a request for a connection and define the electrical requirements of your property. Ausgrid connection contracts are valid up to a year from when the application was submitted. 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. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). The difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). 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. Power is currently out to customers in Bondi, Bondi Junction, Bronte and surrounding suburbs. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. <> You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. You can find the meter dimensions listed below. Smart meters are remotely read by your retailers appointed metering data provider, these meters record your energy in the same way as interval meters, that is, recording how much electricity is used every 30 minutes. If you would like to speak to someone at Ausgrid directly, the number you should call depends on what youre after. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. upgrade WRL from near Waubra to Bulgana). Transgrid runs over 13,000 kilometres of transmission wires in . As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that These are products from a referral partner. 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. 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. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. If there are issues with the internal wiring at your property, this will require a licensed electrician to repair. Ausgrid undertook the rapid replacement of its fleet of vehicles. 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. Interval meters are all electronic. Timing on the route selection process will be shared with stakeholders and community when known. But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session. Accumulation meters only keep track of the total electricity usage. Further project information is available from AVP and Transgrid through the contact details below. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. Automation systems, telecommunication systems and metering systems are all part of our digital infrastructure. 1 0 obj That is, we persist on selling off the farm, to entities from countries that must think that we are idiotically free and easy. As a qualified journalist, Kelseigh aims to light the way for everyday Aussies, helping them find a better deal on their energy plan. [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. AVP and Transgrid are committed to working with industry, government, investors, consumers, Traditional Owners, communities and landholders on this project as we work to secure and shape Australias energy future in the long-term interests of consumers. endobj power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. 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. David, Promoting diversity and inclusion is a key component of our sponsorship program. In the National Energy Market, our operations are governed by a number of institutions. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). . A six week period of public feedback followed the PADR publication, which closed on 9 September 2022. Any difference between the reference price . A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. Targeted interconnector expansion between these . 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. Victoria New South Wales Interconnector (VNI West), is a proposed new high-capacity 500 kilovolt (kV) double-circuit overhead transmission line, providing a connection between the Western Renewables Link in Victoria and Project EnergyConnect in New South Wales. We provide a summary of certain obligations of network operators below, to assist stakeholders. If the location of the proposed VNI West connection to WRL changes, it is unlikely to significantly alter the proposed WRL route, although would require uprating the proposed WRL transmission line to 500kV east of the connection point to accommodate the additional volume of renewable generation that would be harnessed from VNI West. SKI owns 15% of the consortium. 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. Get up to 3 free, no obligation quotes from highly-qualified installers. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. Subscribe to receive all major news and updates. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. These are products from referral partners. AusNet Services has been contracted by AEMO to delivery WRL and has been notified of our current VNI West investigation. 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. This enabled Transgrid and AVP to undertake refreshed market modelling as part of the RIT-T process and align with the 2022 Integrated System Plan (ISP) optimal development path and consider the impacts of: See the April 2022 project update for more details. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. 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. AusNet has prioritised reaching out to landholders between Mount Prospect and Bulgana, who may potentially host the WRL infrastructure, and those surrounding landholders who may potentially be impacted by any changes. 8 0 obj 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. You will also need to make an application to Ausgrid if you wish to install a solar PV system at your property. [ 11 0 R] The development of VNI West will open up opportunities for renewable generation investment and diversity in REZs across Victoria and New South Wales by providing spare transmission capacity to allow this generation to get to market. endobj We pay respect to the Traditional Custodians and First Nations peoples of NSW, and acknowledge their continued connection to their country and culture. Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers . The key difference between a switching station and substation is that a power transformer is not installed at the switching station. May vary depending on your property, this will require a licensed electrician to.! Get up to 3 free, no obligation quotes from highly-qualified installers July what is the difference between ausgrid and transgrid (. 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Any time on 13 13 88, we 'd be happy to from. Have listed some of the total electricity usage outages available on its website, with! Your retailer e.g receive historic data from your meter poles made of steel, concrete or wood lines.
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