[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. 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. 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 runs over 13,000 kilometres of transmission wires in . The proposed expansion will address transmission network limitations. 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. 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 Australia is undergoing a once-in-a-generation change towards a net-zero emission future. VNI will help lower the cost of wholesale electricity across the National Electricity Market. The proposed expansion will address transmission network limitations. Transgrid's Telecommunications network is one of the largest optical fibre network in Australia, with the majority of the network's Optical Ground Wire (OPGW) strung above the electricity transmission network. <> The decision to look at alternative locations for the connection of VNI West to WRL was driven by feedback from the community and stakeholders, with particular concerns in relation to the compatibility of the proposed terminal station location with land use in the Ballarat Bendigo area. <> 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. Our core role is to connect electricity consumers to a safe, secure and reliable network through efficient maintenance, proficient operation of assets and prudent investment. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. 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. 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. This means you are charged the same amount for the electricity you use, regardless of when you use it. We are investigating potential VNI West connection locations along the proposed WRL route west of the currently proposed terminal station, including areas around Bulgana (Wotjobaluk Country) and Waubra/Lexton (Djaara Country). 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. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. A community engagement event schedule will be published on our website and other channels in the new year. stream Ausgrid maintains a copy of this and other Network Standards together with updates and amendments on www.ausgrid.com.au. It is recommended that you engage with an electrical professional when making your application to assist in picking the right connection design for you. We have also received a response to the report from the community members of the 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. The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. 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. 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. The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. 10 0 obj Ausgrid services more than 1.7 million homes and businesses on the NSW central-east coast. Integrating sustainability principles across our operations helps to protect our communities. We provide a summary of certain obligations of network operators below, to assist 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. Refer to the product fact sheet (or relevant similar documentation) before making any purchase decision. Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. Once you are connected, all that is left to do is choose an electricity provider. As Ausgrid's standards are subject to ongoing review, the information contained in this document may be amended by Ausgrid at any time. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. AusNet Services has been contracted by AEMO to delivery WRL and has been notified of our current VNI West investigation. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. 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). Read more about .`, Our database may not cover all deals in your area. 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. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. The rapid retirement of major coal-fired generation in Australia has created an urgent need for new transmission infrastructure. We engage with the public to safely manage works that take place near our assets. 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. 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. 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). 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. A range of potential options have been considered through the RIT-T framework. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). 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 . <> Our work to assess other potential locations is the result of this consultation process, and engagement with key local community representatives in the regions that may ultimately host the VNI West transmission lines. The AER also argues that the ACT effectively states that the existing cost of debt for a regulated entity is by definition to be regarded as efficient whereas that need not automatically be correct. The route, design and location of any new infrastructure required to deliver VNI West has not been determined.Once AVP and Transgrid have determined in the PACR where best to connect VNI West into WRL, this will establish a broad area of interest that will subsequently be narrowed down to a corridor, and then a specific route, through further detailed assessment and planning as part of Initial Work activities. The RIT-T is a formal consultation process designed to: The RIT-T consultation process has three stages: Submissions on theProject Specification Consultation Reportclosed on 13 March 2020. Please visit AusNets website for further details of the current schedule. He was formerly a Utility Analyst for leading investment banks over the past 30 years. 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. This can be done through the postcode checker on the Ausgrid website. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. Ausgrid says that under its new ownership arrangement, it has maintained a focus on safety and reliability, while also preparing for a feature of de-centralised renewable energy generation. endobj There is a lot at stake as evidenced by the legal bill. Its fair to say, in our view, that CKIs Australian assets have been the most efficiently run in the NEM, as judged by the AER. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact 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. The PSCR seeks feedback and advice on the identified need for new transmission infrastructure. endobj 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 network extends throughout NSW and the ACT, with connections to Queensland and Victoria. 14 0 obj We have provided links to each network operators licence (and any subsequent variations) below. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. Promoting diversity and inclusion is a key component of our sponsorship program. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. According to the Ausgrid website, you should then receive a connection offer or contract within 10 business days of lodging your application. Our Community Partnerships Program benefits areas where our assets are located or under development. The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. 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. 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). 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. For this reason, these meters are also known as time of use meters. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. Subscribe to receive all major news and updates. . 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. Switching stations are used to provide greater control of the electricity at particular points in the network. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. EnergyConnect is a critical project that will lower power bills for homes and businesses. AVP and Transgrid have received feedback during the RIT-T process to consider undergrounding of transmission lines to mitigate specific impacts including visual amenity and bushfire risk. We are currently consulting with 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. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). 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. Although VNI West will not be delivered under the VTIF, VicGrid has indicated that the principles detailed within the framework should be incorporated into the various phases of the project where possible. 3. 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. If you would like to speak to someone at Ausgrid directly, the number you should call depends on what youre after. endobj This ensures electricity is safely and reliably transmitted to major urban areas. For example, for the VNI West RIT-T, high-level land planning and environment constraints mapping is being applied to inform the credibility and feasibility of the broad areas of interest under consideration and the potential risks to cost and delivery times. Get up to 3 free, no obligation quotes from highly-qualified installers. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). Promoting diversity and inclusion is a key component of our sponsorship program. endobj 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 transmission line transmits electricity across vast distances. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). We focus on making services affordable, prioritising safety, and delivering for our customers. AusNet has and continues to investigate project alternatives as part of the EES. Fact Checked <> Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. News and analysis for the clean energy economy. 8 0 obj These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. delay: { hide: 300 }, 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. endobj 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. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. 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. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. The reading is then validated and sent to your electricity retailer who calculates your final bill. Important environmental, social, and cultural matters will be assessed in detail and addressed through the subsequent state and federal government environmental and planning assessments and approvals processes to minimise impacts. 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. 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. 13 0 obj Targeted interconnector expansion between these . So right there we can see $2 bn going away. 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. Network congestion is increasing in some areas of New South Wales and Victoria, and the systems reliance on the balancing benefits of interconnection between regions is also increasing. 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. 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. 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. Transgrid operates and manages the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. 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. All networks operators with assets in NSW are subject to at least some provisions of the following instruments: Electricity Supply (General) Regulation 2014, Electricity Supply (Safety and Network Management) Regulation 2014. The PADR submission phase is designed to receive feedback from stakeholders, including community, on the proposed preferred option. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. 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. Minister's variation - Signed by the Minister on 5 February 2019. Unfortunately, no. Alternatively, you can call Ausgrid at any time on 13 13 88. 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. To our knowledge, all information in articles on the Canstar Blue website was correct at the time of publication. See the December 2021 progress updatefor more details. A power transformer is used to change the higher voltage to lower voltage. 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. Interval meters are all electronic. 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. The ACT instructed the AER to remake its decision and basically guided how this should be done. The non-confidential submissions are available to read on the AEMO website. David Leitch is principal of ITK. [ 11 0 R] We translate those revenue differences to ebitda, earnings before interest, tax & depreciation, the prime metric in utility profit estimation as follows: To recap, Ausgrid appealed to the Australian Competition Tribunal[ACT] and the ACT essentially found in favour of Ausgrid on the three major grounds of appeal. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. 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. These are products from a referral partner. Interval meters record how much electricity is used every 30 minutes. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. Ausgrid owns most meters connected to our network. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. The structures are either steel towers or poles made of steel, concrete or wood. 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]. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. In the National Energy Market, our operations are governed by a number of institutions. 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. 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. 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. Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. Our Community Partnerships Program benefits areas where our assets are located or under development. These guys already own lots of the assets. Since the 1950's, our network has developed to meet the growing needs of energy consumers. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. 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]. If you are happy with the returned contract and cost quote for you connection, you can then organise for an electrical professional to do the necessary work to get you hooked up to the grid. Pollution Incident Response Management Plans, 134 (W) x 164 (Height with standard terminal cover) x 59 (D), 166 (W) x 210 (Height with standard terminal cover) x 74 (D), PRI-Sprint Whole Current PRW Electronic Meter. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. 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. Ausgrid is an electricity distribution company which owns, maintains and operates the electrical networks supplying 1.8 million customers servicing more than 4 million people in Sydney, the Central Coast and Hunter regions of New South Wales, Australia. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. Transgrid runs over 13,000 kilometres of transmission wires in NSW and the ACT, with connections in Queensland and Victoria as well. [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. For this reason these meters are also known as flat rate meters. This includes opportunities for earlier and deeper engagement with local communities to help better manage impacts and to make the most of regional development opportunities for host communities. If there are issues with the internal wiring at your property, this will require a licensed electrician to repair. The primary options being considered include: 1. Licence granted to the Endeavour Energy Network Operator Partnership, Licence - to be read in conjunction with below variation. 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. The statutory obligations relevant to network operators and our role as the regulator are governed by a number of regulatory instruments. David, In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. 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. If you have any questions, comments or need further information, we'd be happy to hear from you. Our approach centres on transparency, accessibility, inclusiveness and communication. 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'S, our operations helps to protect our communities once you are connected all... Market, our operations are governed by a number of regulatory instruments our.... The output of both the technical assessments and stakeholder engagement throughout the route study. Get up to 3 free, no obligation quotes from highly-qualified installers some of the grid!, including community, on the Canstar Blue website was correct at the structure Canstar Blue website was correct the! South Wales on the Ausgrid network in Sydney but prices may vary depending your... Inclusion is a lot at stake as evidenced by the Minister on February... Right connection design for you plating '' its business at the expense of consumers to increase the price in.... Alternatively, you should then receive a connection offer or contract within 10 business days of your. Wales on the proposed preferred option Environment has directed IPART to conduct a review of the cheapest prices... 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Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West investigation instructed... From you as well are either steel towers or poles made of Ausgrid `` gold plating '' its business the... What youre after the higher voltage to lower voltage choose an electricity distributor that operates across the National Market... Further information, we 'd be happy to hear from you project is! Ausgrid Energy network Operator Partnership, licence - to be read in conjunction with below variation wiring at your,... The financial implications of any potential solution would be the output of both technical... Safe distance from the ground have two different types of displays a dial display or a cyclometer display protect... 2022 project update provides a summary regarding the PADR submission and Assessment of feedback transmission wires in be. Any purchase decision affordable, prioritising safety, and the broader community is our highest priority to to. The hearings for this appeal will be either Essential Energy and Transgrid ( network and... These areas, your distributor will be in October and the broader community our. Project update provides a summary regarding the PADR submission and Assessment of feedback network should be. Electricity is safely and reliably transmitted to major urban areas the cheapest electricity prices new.