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. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. Transgrid . 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]. 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. 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). 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. This can be done through the postcode checker on the Ausgrid website. SGC owns 19.9% of listed stapled security Ausnet. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . 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. Timing on the route selection process will be shared with stakeholders and community when known. Ausgrid connection contracts are valid up to a year from when the application was submitted. upgrade WRL from near Waubra to Bulgana). The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. install a solar PV system at your property. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. The interconnector upgrade will boost interstate power flows and lower energy bills. Switching stations are used to provide greater control of the electricity at particular points in the network. 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 there are issues with the internal wiring at your property, this will require a licensed electrician to repair. Alternatively, you can call Ausgrid at any time on 13 13 88. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. Ausgrid was seen as forcing their network capacity increasing (and therefore profit increasing) projects onto local residential communities. Ausgrid undertook the rapid replacement of its fleet of vehicles. We engage with the public to safely manage works that take place near our assets. Our database may not cover all deals in your area. The statutory obligations relevant to network operators and our role as the regulator are governed by a number of regulatory instruments. Our directors and executive team have a wealth of combined experience across the energy industry. [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. SGC also owns 60% of Jemena which owns another electricity distribution business in Victoria and most of the gas distribution in NSW. If you lose power, the first thing you should do is use your mobile to look at the Ausgrid website and check whether they are already aware of the issue. Ausgrid was government-owned until December 2016 when it became majority-owned by private investor groups. The meter reader will sight the meter and type it in to their handheld computer that sends the data directly to our systems. We have provided links to each network operators licence (and any subsequent variations) below. He is principal at ITK, specialising in analysis of electricity, gas and decarbonisation drawn from 33 years experience in stockbroking research & analysis for UBS, JPMorgan and predecessor firms. The assets are worth more to foreign buyers because: Overseas buyers have a lower cost of capital; Most utility infrastructure is structured as a combination trust/company (stapled security). Your meter is read by your meter service provider/Distributor who provides your 'read' to us so we can calculate your energy bills. 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). To be read in conjunction with below variation. 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). Licence granted to the Ausgrid Operator Partnership, Licence - to be read in conjunction with the below variations, Minister's variation - Signed by the Minister on 4 December 2017, Minister's variation - Signed by the Minister on 5 February 2019, Minister's variation - Signed by the Minister on 23 September 2022. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. 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. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. [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]. But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. By leading the transition to a clean energy future, we aim to make a better power system for Australians. Our directors and executive team have a wealth of combined experience across the energy industry. These are products from a referral partner. Get up to 3 free, no obligation quotes from highly-qualified installers. [2] Initial bidding was won by a consortium of State Grid Corporation of China and Cheung Kong Infrastructure Holdings. In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. The network consists of more than 49,000 kilometres of overhead and underground powerlines, with more than 31,000 distribution substations. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. instagram For this reason these meters are also known as flat rate meters. There are typically three different types of meters. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. 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. 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. 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. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. In this event, the most recent standard shall prevail. Like the Transgrid process before it, the State would retain the legal ownership of Ausgrid's network assets. delay: { hide: 300 }, Electricity Commission of New South Wales, "$10.3 billion NSW power sale a good deal for the Baird government", The State Grid Corporation of China: Its Australian engagement and military links, "AGL, Energy Australia, Origin join charter to cut power prices", "TransGrid welcomes Omers to its ownership group", https://www.transgrid.com.au/media/dn5oq3j3/modern-slavery-statement.pdf, "Brett Redman appointed as Transgrid Chief Executive Officer", Transgrid Begins Renewable Energy Zone work in NSW, 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=TransGrid&oldid=1093372475, Electric power transmission system operators in Australia, Former government-owned companies of New South Wales, Caisse de dpt et placement du Qubec companies, Sovereign wealth fund portfolio companies, All articles with bare URLs for citations, Articles with bare URLs for citations from March 2022, Articles with PDF format bare URLs for citations, Creative Commons Attribution-ShareAlike License 3.0, 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 16 June 2022, at 05:42. The views expressed are his own. 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. html: true, Ausgrid services more than 1.7 million homes and businesses on the NSW central-east coast. To best find out what tariff you should sign up to, you may need to visit Ausgrids Network Prices page. 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). Accumulation meters can be electronic or electro-mechanical. 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. To view submissions, visit the stakeholder consultation section on theAEMO project page. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. endobj 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. A range of potential options have been considered through the RIT-T framework. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. 4 0 obj VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). AEMOs 2022 Integrated System Plan (ISP) identified VNI West as an actionable ISP project to be progressed urgently and no later than 2031. 2 0 obj We are responsible for reading your meter and sending the data to your electricity retailer. Learn about our other projects which secure ongoing supply for energy customers. The non-confidential submissions are available to read on the AEMO website. Promoting diversity and inclusion is a key component of our sponsorship program. 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. The difference per year between what Ausgrid wanted going forward (green line) and what the . <> VNI will help lower the cost of wholesale electricity across the National Electricity Market. 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. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. This preferred option establishes the broad area of interest for the project, including locations for connecting the project into the existing network. 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. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). 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. This means you can have different electricity rates for usage at different times of the day, depending on the tariff you sign up to with your electricity retailer. A recent study commissioned by a collaborative Steering Committee on Transgrids HumeLink project noted that undergrounding of HumeLink would triple the project cost and add a further five years to the construction timeline. This is front page news. As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). . We are currently undertaking this work and its likely a decision will be made early in 2023, following further consultation. We invest in building sustainable working relationships with all our procurement partners. Whether benchmarking is an appropriate method for estimating allowable costs for Ausgrid and whether the AER used benchmarking in an appropriate way to produce an appropriate outcome. 7 0 obj Subscribe to receive all major news and updates. 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 operates and manages the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. No decision has been made on where best to connect VNI West into WRL, that will be decided by AVP and Transgrid through the RIT T process following further consultation in the new year. . 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. On this Wikipedia the language links are at the top of the page across from the article title. Transmission lines transport electricity at high voltages primarily to minimise energy losses. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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. 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. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. endstream 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. 5 0 obj Key learnings from previous projects are also informing the development of consultation plans. 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 information may have changed over time. 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. endobj 12 0 obj 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. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. 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. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. The PADR and its attachments, and the July 2022 Project Update, can be accessed below in theResources section. 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. Interval meters record how much electricity is used every 30 minutes. 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. 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. 3 0 obj See the December 2021 progress updatefor more details. The RIT-T assessment decision is expected in 2023. endobj Our Community Partnerships Program benefits areas where our assets are located or under development. Below we have listed some of the important information about Ausgrid. 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. This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. 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. 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. 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. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. Route selection will be finalised after the regulatory test for this project is completed, and in close consultation with stakeholders and communities. How good are these numbers? 1 0 obj The electricity network and transmission lines in NSW are owned by Transgrid - a privately owned company. 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). Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. endobj 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. EnergyConnect is a critical project that will lower power bills for homes and businesses. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. 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. $("#scpopover_282170").popover({ SGC was likely to have paid a higher price than anyone else. Transgrid and AVP are considering the feedback received as part of developing the Project Assessment Conclusions Report (PACR). 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. You can find the meter dimensions listed below. 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 . Since the 1950's, our network has developed to meet the growing needs of energy consumers. The actual route for any of the options has not yet been determined. We need to progress VNI West urgently so that it is operational by the time its most needed. For information and updates on the VNI West RIT-T, please visit AEMO's VNI West RIT-T project page. 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. Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. On 29 July 2022, Transgrid and AVP published the Project Assessment Draft Report (PADR), which examines the technical and economic factors leading to identification of a proposed preferred option for VNI West. Read more about .`, Ausgrid, Evoenergy, and Essential Energy. 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 comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. endobj Ausgrid owns most meters connected to our network. 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). linkedin. 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. Tax efficiency is enhanced by significantly overgearing the assets. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. 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. Careers . 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. 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. VNI will help lower the cost of wholesale electricity across the National Electricity Market. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. David Leitch is principal of ITK. The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. <> These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. If you have any questions, comments or need further information, we'd be happy to hear from you. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. So right there we can see $2 bn going away. This regulatory process ensures energy users avoid paying more than necessary for electricity through the transition to net zero emissions. endobj Having read the AERs grounds for appeal, we think it would be very foolish to write off the chances of the appeal succeeding. A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. 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 Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. [ 11 0 R] Videos of the presentation can be viewed below, with copies of the slide pack available in the Resources section below. We are responsible for reading your meter and sending the data to your electricity retailer. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. 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. 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 . We focus on making services affordable, prioritising safety, and delivering for our customers. Further project information is available from AVP and Transgrid through the contact details below. Hong Kongs Cheung Kong Infrastructure (CKI) and State Grid of China [SGC] already own considerable utility infrastructure in Australia, and CKI in particular has an excellent reputation as an operator.

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