The PSCR seeks feedback and advice on the identified need for new transmission infrastructure. 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. 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. While the assessment involves evaluating the technical and economic feasibility of a new transmission line, environmental, social and cultural matters may also be considered to the extent that they are relevant to this analysis. 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. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. The following chart is from the AERs final report. youtube 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. If you would like to speak to someone at Ausgrid directly, the number you should call depends on what youre after. Tax efficiency is enhanced by significantly overgearing the assets. The views expressed are his own. Careers . Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. We focus on making services affordable, prioritising safety, and delivering for our customers. The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. 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. Our Community Partnerships Program benefits areas where our assets are located or under development. 10 0 obj You can find the meter dimensions listed below. By leading the transition to a clean energy future, we aim to make a better power system for Australians. 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. 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. 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. for rating of Ausgrid's underground cables and some detail on why this information is required, the information Ausgrid will supply as part of rating Ausgrid assets and a checklist to ensure all aspects of rating an underground are considered. Stay up to date. David Leitch is a regular contributor to Renew Economyand co-host of the weekly Energy Insiders podcast. 13 0 obj The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). 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 . endobj Discover opportunities for apprentices, graduates and professionals. We invest in building sustainable working relationships with all our procurement partners. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. We engage with the public to safely manage works that take place near our assets. Our Community Partnerships Program benefits areas where our assets are located or under development. 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. Here are the AGL Energy plans on our database for NSW. This agreement will enable Transgrid to plan with confidence and maximise the opportunity to deliver the project aligned with the RIT-T process. This includes a number of major urban areas such as Cronulla, Newcastle and the Hunter region. We have provided links to each network operators licence (and any subsequent variations) below. News and analysis for the clean energy economy. title: "" Ausgrid owns most meters connected to our network. 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 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. Alternatively, you can call Ausgrid at any time on 13 13 88. On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. endobj The PACR, including responses to feedback received, will be published in 2023. The Project Assessment Draft Report (PADR) proposed that, in NSW, VNI West would connect into EnergyConnect at the planned Dinawan substation, between Coleambally and Jerilderie. 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. In this event, the most recent standard shall prevail. <> But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. @ Copyright RenewEconomy 2020. [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]. 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. 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). [5] State Grid Corporation of China was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. This can be done through the postcode checker on the Ausgrid website. endobj This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 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. 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. If you have any questions, comments or need further information, we'd be happy to hear from you. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). 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. Videos of the presentation can be viewed below, with copies of the slide pack available in the Resources section below. 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. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. We engage with the public to safely manage works that take place near our assets. On Thursday, the Australian Government, announced that neither State Grid of China nor Cheung Kong Infrastructure would be allowed to bid for the 50.4 per cent of Ausgrid that the State Govt of NSW is selling unless they could address certain concerns. 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. 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. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. 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. 12 0 obj endobj Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. Our crew are working to safely restore power. In response, further analysis is currently being undertaken jointly by AVP and Transgrid to include consideration of alternate VNI West options, connecting to WRL at different points between Mt Prospect and Bulgana, in the next phase of the RIT-T. As part of this additional VNI West RIT-T analysis, we will be consulting with Traditional Owners, communities and local governments in the areas of interest. 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. Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers (TNSP), the AER and other interested parties are used to set the maximum allowable revenue (MAR) for the TNSPs for a five-year period. Reliability and performance licence conditions - SUPERSEDED, Licence granted to the NSW Electricity Networks Operations Pty Limited, Minister's variation Signed by the Minister on 29 November 2017. instagram The structures are either steel towers or poles made of steel, concrete or wood. You can find the meter dimensions listed below. endobj It is the first of a three stage RIT-T process. [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) The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. Major decisions, such as the location of the VNI West connection to WRL, consider engineering and economic factors. Ausgrid services more than 1.7 million homes and businesses on the NSW central-east coast. 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. A range of potential options have been considered through the RIT-T framework. container:'body', <> This includes gathering Traditional Owners, Registered Aboriginal Parties, community and stakeholder feedback and land surveys. For issue to all Ausgrid and Accredited Service Providers' staff involved with the design and installation of telecommunications cables in Ausgrid premises, and is for reference by field, technical and engineering staff. 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