In the National Energy Market, our operations are governed by a number of institutions. Electricity is also transmitted into areas with high population density through high voltage underground cables. We engage with the public to safely manage works that take place near our assets. Ausgrid was seen as forcing their network capacity increasing (and therefore profit increasing) projects onto local residential communities. That is, we persist on selling off the farm, to entities from countries that must think that we are idiotically free and easy. 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. Targeted interconnector expansion between these . There are typically three different types of meters. 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). Ausgrid is the onlyelectricity distributorin this area and has sole responsibility for the maintenance of this network zone. 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 views expressed are his own. 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. Transmission reliability and performance standard -applicable from 1 July 2018. 1 0 obj
Learn moreabout this change. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). Electronic accumulation meters have a digital display. u jP^DDbS'I=4V8w=y.rAH|g\BV|}riCQM=lB]i9[ooT,#m>9zU]-ui.ndfE{zGXp(E66F)-i5[|]~}KnE^Vc"+T^!wUSs~U~^@~a,X4:!Z/GX5RkW
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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. 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. Here are the energy distributors in NSW. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. - Ausgrid was partially leased (50.4%) to private operators in December 2016, and <>
We have worked to build connections with stakeholders, including councils, to ensure that we are communicating information regularly and sharing important details as early as possible. Strengthening the grid to deliver affordable, reliable and clean energy to customers. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. 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. The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. 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. Unfortunately, no. 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. JFIF JExif MM * 2 :( XICC_PROFILE HLino mntrRGB XYZ 1 acspMSFT IEC sRGB -HP cprt P 3desc lwtpt bkpt rXYZ gXYZ , bXYZ @ dmnd T pdmdd vued L view $lumi meas $tech 0 rTRC. 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, traditional owner groups and industry. Your meter is read by your meter service provider/Distributor who provides your 'read' to us so we can calculate your energy bills. The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. 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. stream
}); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. CKI is also a major investor in UK electricity distribution assets. 11 0 obj
If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. Here are the EnergyAustralia plans on our database for NSW. Together, this will reduce carbon emissions and help to fill the electricity supply gap as coal fired power stations close. In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. According to the Ausgrid website, you should then receive a connection offer or contract within 10 business days of lodging your application. 12 0 obj
We will also be publishing an additional RIT-T consultation report in February 2023, outlining the results of the analysis to date, a proposed preferred option and the reasoning for selecting that option, and seeking formal feedback on the proposal. 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. 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. 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. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: - Transgrid was fully leased to private operators in December 2015 He was formerly a Utility Analyst for leading investment banks over the past 30 years. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. [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. upgrade WRL from near Waubra to Bulgana). Different types of meters can be used to record and display your usage. The RIT-T is an economic cost-benefit test: it is like a business case conducted early on in a transmission project, to determine if it will deliver economic benefits. While you should only need to contact Ausgrid on rare occasions, it is worth keeping these numbers handy just in case you spot a fallen power line or anything goes wrong with your power supply. By leading the transition to a clean energy future, we aim to make a better power system for Australians. xn6
R*`3 @plne5QmkKm-I Y)?ji6d|VU>_~-fZnfS)_^oBlB+ETPz88kO0Fc67u[7CG~7\AO<2-OVG#\H 6{}V0\l9G!5B5QllA^HSVYPsm|B#okN"7dnj:[rSCxuYUjZ~3B={"9q#@DR;2zs?pu{0_)1@}JQ`{0Fjz`Yd5{,k(Vop/q"4lDQ`DyIpry0K `zZTA2= Integrating sustainability principles across our operations helps to protect our communities. Below we have listed some of the important information about Ausgrid. More consultation will occur early 2023, before a final decision is made. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. ENV owns the gas distribution business in South Australia, a part of the gas distribution business in Victoria, Southern NSW and QLD. Discover opportunities for apprentices, graduates and professionals. We provide a summary of certain obligations of network operators below, to assist stakeholders. 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. Ausgrid undertook the rapid replacement of its fleet of vehicles. 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. Videos of the presentation can be viewed below, with copies of the slide pack available in the Resources section below. A new 500kV transmission line will carry electricity to customers from new generation sources. 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. Careers . The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. 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. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. Promoting diversity and inclusion is a key component of our sponsorship program. 10 0 obj
A new 500kV transmission line will carry electricity to customers from new generation sources. 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. 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. VNI will help lower the cost of wholesale electricity across the National Electricity Market. Strengthening the grid to deliver affordable, reliable and clean energy to customers. This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. endobj
Meters measure how much gas or electricity is being used at your service address. 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. Can I choose a different energy distributor other than Ausgrid? An Outcomes Report documenting the discussion is available below in the Resources section. 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 primary options being considered include: 1. We have also received a response to the report from the community members of the Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. There are three electricity distributors in New South Wales one for the central-east coast, one for the regional and country areas and one for the metropolitan areas. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. Transmission projects have long lead-times that require extensive community engagement, planning and construction activities. Refer to the product fact sheet (or relevant similar documentation) before making any purchase decision. In the National Energy Market, our operations are governed by a number of institutions. Its really worth looking at this chart for a minute. Thats why in this article, we are going to explain what Ausgrid does and when you may need to contact the company. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. We are responsible for reading your meter and sending the data to your electricity retailer. We operate and manage the high voltage electricity transmission network in NSW and the ACT. instagram While undergrounding the entirety of VNI West is not viewed as a realistic option given the cost and timeframe implications, short sections of undergrounding might be considered in exceptional circumstances as part of the ultimate route design. Ausgrid owns most meters connected to our network. If you have any questions, comments or need further information, we'd be happy to hear from you. 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. 2 0 obj
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 . Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 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. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. The non-confidential submissions are available to read on the AEMO website. 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. A community engagement event schedule will be published on our website and other channels early in the new year. This means you can have time of use pricing. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. . There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. The proposed expansion will address transmission network limitations. It is mainly responsible for maintaining the network of poles, wires and stations that make it possible for electricity to reach your home. Learn about our other projects which secure ongoing supply for energy customers. 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]. Reliability and performance licence conditions, Transmission reliability and performance standard. 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. endobj
We are responsible for reading your meter and sending the data to your electricity retailer. Our crew are working to safely restore power. Transgrid . In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. 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 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. The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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). 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. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. <>
VNI West will be critical in the development of additional renewable generation in western Victoria and southwestern New South Wales, as the NEM transitions to low-emission generation technologies such as wind and solar. 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. AER appeal to the Federal court is the shadow hanging over Ausgrid. 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. endobj
endobj
The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. For information and updates on the VNI West RIT-T, please visit AEMO's VNI West RIT-T project page. We invest in building sustainable working relationships with all our procurement partners. [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]. 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. A community engagement event schedule will be published on our website and other channels in the new year. 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. 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. Transgrids 2021 Transmission Annual Planning Report and AEMOs 2021 Victorian Annual Planning Report have identified the need for additional interconnection to maintain Victorias supply reliability following the withdrawal of further coal-fired generation plants, and EnergyAustralias official advice that the Yallourn Power Station is expected to retire in mid-2028. This will include extensive community and stakeholder consultation. On this Wikipedia the language links are at the top of the page across from the article title. Not all network operators are subject to the same obligations. You will also need to make an application to Ausgrid if you wish to install a solar PV system at your property. Power is currently out to customers in Bondi, Bondi Junction, Bronte and surrounding suburbs. $("#scpopover_282170").popover({ The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. We are currently consulting with communities that may be 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. AusNet Services has been contracted by AEMO to delivery WRL and has been notified of our current VNI West investigation. The matters that can and cannot be considered are set out in RIT-T application guidelines developed by the Australian Energy Regulator (AER). 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. 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. Great story. Key learnings from previous projects are also informing the development of consultation plans. 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. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. VNI will help lower the cost of wholesale electricity across the National Electricity Market. 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. 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. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. This information may have changed over time. Customers in the Parramatta, Penrith, Lithgow, Richmond, Wollongong, Moss Vale or Nowra regions are connected on theEndeavour Energy network, while customers west of Bathurst and Goulburn, south of Batemans Bay and north of Dungog are connected to theEssential Energy network. 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. 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