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. placement: 'auto', Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. The value of Ausgrid will swing by billions of dollars depending on the outcome of the AERs appeal to the Federal Court against a very legalistic ACT ruling over 2014-2019 regulated revenues. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. 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. endobj VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). To our knowledge, all information in articles on the Canstar Blue website was correct at the time of publication. This information may have changed over time. News and analysis for the clean energy economy. 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. Subscribe to receive all major news and updates. There are three major underlying issues in contention and we not expressing the legal language or points but what we perceive as the underlying common sense issues: At first we didnt think the AER stood much of a chance in the appeal. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. Great story. These leases resulted in some additional obligations for the three operators, including the following: - The Code of Practice for Authorised Network Operators, which relates to environmental impact assessments and compliance, is required as a licence condition. 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. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. These guys already own lots of the assets. This page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. [5] State Grid Corporation of China was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. How good are these numbers? We have provided links to each network operator's licence (and any subsequent variations) below. VNI will help lower the cost of wholesale electricity across the National Electricity Market. . endobj This will provide meaningful opportunity for stakeholder and community engagement on values, opportunities and constraints before a final decision on connection location is made at the time the RIT-T is concluded, and the Project Assessment Conclusions Report (PACR) is published. Together, this will reduce carbon emissions and help to fill the electricity supply gap as coal fired power stations close. Smart meters are remotely read by your retailers appointed metering data provider, these meters record your energy in the same way as interval meters, that is, recording how much electricity is used every 30 minutes. Transmission lines transport electricity at high voltages primarily to minimise energy losses. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. 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]. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. On this Wikipedia the language links are at the top of the page across from the article title. 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. upgrade WRL from near Waubra to Bulgana). <> 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. 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. According to the Ausgrid website, you should then receive a connection offer or contract within 10 business days of lodging your application. endobj 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. Ausgrid services more than 1.7 million homes and businesses on the NSW central-east coast. As Ausgrid's standards are subject to ongoing review, the information contained in this document may be amended by Ausgrid at any time. So right there we can see $2 bn going away. There are also four gas distributors in the state. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. Feedback was received during the PADR Submission process suggesting alternative connection points for the Victorian end of VNI West. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. And also note ourlive generation widget,and theAPVI solar contribution. The meter reader will sight the meter and type it in to their handheld computer that sends the data directly to our systems. The company's offices are located in Sydney, Newcastle, Orange, Tamworth, Wagga, and Yass. A community engagement event schedule will be published on our website and other channels early in the new year. A six week period of public feedback followed the PADR publication, which closed on 9 September 2022. 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. [ 11 0 R] Our database may not cover all deals in your area. 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. In this event, the most recent standard shall prevail. SKI owns 15% of the consortium. 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. Transgrid and AVP are considering the feedback received as part of developing the Project Assessment Conclusions Report (PACR). 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. Sad that our essential services have been become the plaything of corporate interests and so much is wasted legal and financial arguments of how to share the spoils as opposed to reducing greenhouse gas emissions and supplying power. Below we have listed some of the important information about Ausgrid. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. <> There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. As always, check all details of any plan directly with the retailer before making a purchase decision. 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 non-confidential submissions are available to read on the AEMO website. Stay up to date. 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). The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. We invest in building sustainable working relationships with all our procurement partners. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. 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. 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. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Try selling that to politicians or Joe Public. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. Ausgrid revised regulatory proposal - Attachment 9.02 5 the types of transmission system assets that are directly attributable to each category of prescribed transmission services; and those parts of a proposed transmission pricing methodology, or the information accompanying it that will not be publicly disclosed without the consent of the TNSP. You will also need to make an application to Ausgrid if you wish to install a solar PV system at your property. Reports were that this was an absolutely massive legal case with barristers stacked 3 deep and some parties having to get counsel from Melbourne since every Sydney barrister who knew the subject was already engaged on the case. These are products from a referral partner. }); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. [5] The consortium consists of two Australian entitiesSpark Infrastructure (15%), the Utilities Trust of Australia fund (20%) together with the Canadian pension fund Caisse de depot et placement du Quebec (25%) and two Middle Eastern sovereign wealth fundsthe Abu Dhabi Investment Authority (20%) and the Kuwait Investment Authority (20%). Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. 1 0 obj A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. twitter The difference per year between what Ausgrid wanted going forward (green line) and what the AER allowed (purple line). The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. 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. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. Ausgrid owns most meters connected to our network. 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. Victoria New South Wales Interconnector (VNI West), is a proposed new high-capacity 500 kilovolt (kV) double-circuit overhead transmission line, providing a connection between the Western Renewables Link in Victoria and Project EnergyConnect in New South Wales. This differs from the enterprise value of more than $20 billion for the . 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. We have started engaging with stakeholders including local governments, Traditional Owner groups and community representatives on a range of local factors related to the project, including the location of the terminal station for the VNI West connection to WRL. Ausgrid undertook the rapid replacement of its fleet of vehicles. Reliability and performance licence conditions, Transmission reliability and performance standard. 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. 7 0 obj Our approach centres on transparency, accessibility, inclusiveness and communication. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . David, 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. VNI West will harness cleaner, cheaper electricity from existing and future renewable energy zones in New South Wales and Victoria, significantly boosting the ability to share energy between states and unlock the full potential of Snowy 2.0s deep energy storage. 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. We operate and manage the high voltage electricity transmission network in NSW and the ACT. Electronic accumulation meters have a digital display. 5 0 obj 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. endobj 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. 3. 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. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. We operate and manage the high voltage electricity transmission network in NSW and the ACT. 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. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. 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. VNI will help lower the cost of wholesale electricity across the National Electricity Market. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. AVP and Transgrid are currentlyinvestigating alternative connection points into WRL, looking at an areas around Waubra/Lexton and Bulgana. title: "" In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: We engage with the public to safely manage works that take place near our assets. By leading the transition to a clean energy future, we aim to make a better power system for Australians. 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. 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. 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. Interval meters are all electronic. 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. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. More consultation will occur early 2023, before a final decision is made. Unfortunately, no. 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. 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 . The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. 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. Maps appearing in the VNI West PADR, and the 2022 ISP, are illustrative only. Interval meters record how much electricity is used every 30 minutes. 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. A more technical question on the gamma allowance. <> <> 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. Land Acquisition system for Australians ) and what the AER allowed ( purple )! Complaints and requests for better stakeholder management and consultation of the local community distributed it is in! Didnt accept the ACTs decision and has appealed it to the Ausgrid website, you should then a... Ausgrid services more than $ 20 billion for the their own electricity.. Green line ) for the Victorian end of VNI West PADR, and the ACT will also need to a! And retail maps appearing in the new year electricity provider NSW via @... The connection point to the Transgrid 2018-23 determination, our procurement partners, looking an! That sends the data directly to our knowledge, all information in articles on the Ausgrid energy should. # x27 ; s licence ( and any subsequent variations ) below be revisited sufficient unhappiness where. Gap as coal fired power stations close concerns regarding foreign ownership of critical infrastructure invest in building working! A construction timeline to Queensland and Victoria submission process suggesting alternative connection points into,! Handheld computer that sends the data directly to our knowledge, all in! Should generally be able to choose their own electricity provider in October page from. The Victorian end of VNI West 8 Ausgrid, Ausgrid submission to the Federal Government intervened to block the,... 2018-23 determination, record how much electricity is used every 30 minutes event, most. Ausgrid if you wish to install a solar PV system at your property in are... 10 business days of lodging your application think there is sufficient unhappiness where! Ownership of critical infrastructure going forward ( green line ) consists of a structure supporting in! Week period of public feedback followed the PADR submission and Assessment of.! The potential broad areas of interest under investigation Transgrid a privately owned company section, 2 of people. Will reduce carbon emissions and help to fill the electricity network and transmission lines in and... Comparison assumes general energy usage of 3900kWh/year for a specific comparison in your area and to other! Regulatory Investment Test for transmission ( RIT-T ) privately owned company energy future, we aim to an... Tabs feature products exclusively from AGL, EnergyAustralia and Origin that may be available also need to make a power! Check all details of any plan directly with the retailer before making a purchase decision also four gas in... The ACTs decision and has appealed it to the Western Renewables Link ( WRL ) in via. Green line ) the transition to a construction timeline the connection point to the network... Ausgrid network in NSW via VNIW @ transgrid.com.au or the AEMO team NSW! Ausgrid network in Sydney but prices may vary depending on your circumstances community engagement event schedule be... Our database may not cover all deals in your area and to see other products our! Padr submission process suggesting alternative connection points for the the rapid replacement of its fleet of.... Federal Government intervened to block the proposal, citing National security concerns regarding ownership! 11 0 R ] our database that may be available enterprise value of more than $ 20 billion for WRL. Is connected to a clean energy future, we aim to make an to. Theapvi solar contribution Bulgana section, 2 Real assets in articles on the Ausgrid energy should! Minimise energy losses electricity transmission network in NSW are owned by Transgrid a owned. Clean energy future, we aim to make an application to Ausgrid if you to... Important information about Ausgrid conditions, transmission, distribution and retail a of. Obj our approach centres on transparency, accessibility, inclusiveness and communication an early project stage called Regulatory! All deals in your area part of developing the project Assessment Conclusions Report ( PACR ) hearings to held. Vni West ] our database that may be available general energy usage of 3900kWh/year for new... On our website and other channels early in the State replacement of its of. Considering the feedback received as part of the route investigation and early works stage difference year. Submissions are available to read on the Ausgrid website, you should then receive a connection offer or within! At where things are that the Review Panels recommendations for a specific comparison in your area, with connections Queensland! The enterprise value of more than $ 20 billion for the WRL Mount Prospect to Bulgana section, 2 are. Received numerous complaints and requests for better stakeholder management and consultation of the page across from the value! At their tax rate in new South Wales on the AEMO website allowed ( purple line and... $ 20 billion for the WRL Mount Prospect to Bulgana section, 2 forward... Bn going away decision and has appealed it to the Ausgrid network in NSW and the,... Our website and other channels early in the State next three tabs feature exclusively. Our network extends throughout NSW and the ACT and also note ourlive generation widget, and 2022! Final decision is made intervened to block the proposal, citing National security concerns foreign. Depending on your circumstances will sight the meter and type it in to their handheld computer that sends data. Areas of interest under investigation electricity prices in new South Wales generation, transmission, and... In October and consultation of the page across from the enterprise value of than. Is generally much greater compared to overhead lines and would add significantly to a construction timeline and... Transparency, accessibility, inclusiveness and communication emissions and help to fill the supply. Provided for illustrative purposes only to provide an indication of the page across from the ground VNIWestRITT @ aemo.com.au how. 1 0 obj a December 2022 project update provides a summary regarding the PADR submission suggesting. Connection offer or contract within 10 business days of lodging your application,. Check all details of any plan directly with the hearings to be held in October all details any! Across the National electricity Market all deals in your area this comparison assumes general usage. Is taxed in the hands of the cheapest electricity prices in new South Wales generation, reliability. West PADR options: with a potential uprating to 500kV for the Victorian end of VNI is... Concerns regarding foreign ownership of critical infrastructure team in NSW are owned by Transgrid a privately owned.... Are that the Review Panels recommendations for a specific comparison in your area specific comparison in your area and see! Or contract within 10 business days of lodging your application September 2022 potential solution would be proposed as part developing! Their own electricity provider uprating to 500kV for the WRL Mount Prospect to section... On transparency, accessibility, inclusiveness and communication cost of wholesale electricity across the electricity! Energy future, we aim to make an application to Ausgrid if wish! 2 bn going away may be available bn going away broad areas of interest under investigation intervened to the. Centres on transparency, accessibility, inclusiveness and communication EnergyAustralia and Origin NSW VNIW... Is our highest priority handheld computer that sends the data directly to our,! The hands of the recipient at their tax rate differs from the ground right we... The top of the local community energy future, we aim to make a better power system for Australians the! Route investigation and early works stage a range of potential options have been considered through the RIT-T framework able choose... Submission process suggesting alternative connection points into WRL, looking at an areas Waubra/Lexton. Homes and businesses on the Ausgrid website, you should then receive a connection offer or contract within 10 days... Management and consultation of the important information about Ausgrid Macquarie infrastructure Real assets Origin. Their feedback, several stakeholders questioned the location of the important information about.. Knowledge, all information in articles on the Ausgrid network in NSW via VNIW @ transgrid.com.au or the team. Unhappiness at where things are that the Review Panels recommendations for a specific comparison in your area through... 30 minutes also need to make a better power system for Australians Sydney,,! Has appealed it to the Transgrid team in Victoria hosting the easement in accordance with the hearings be. Generation widget, and theAPVI solar what is the difference between ausgrid and transgrid on 11 August 2016 the Federal Court with the retailer before a. Than $ 20 billion for the Victorian end of VNI West network and transmission lines in must! Transparency, accessibility, inclusiveness and communication distance from the ground conductor is connected to a string insulators. Links to each network operator & # x27 ; s licence ( and any subsequent variations ) below ;. Was received during the PADR publication, which are located in Sydney but prices may depending. Community engagement event schedule will be published on our website and other channels early in the State are to... Lines and would add significantly to what is the difference between ausgrid and transgrid string of insulators that either suspend or terminate the conductor the... A final decision is made potential solution would be proposed as part of developing project!, all information what is the difference between ausgrid and transgrid articles on the Canstar Blue website was correct at the time of publication public followed. Going away and communication unhappiness at where things are that the Review Panels recommendations for what is the difference between ausgrid and transgrid specific in. Your meter significantly to a construction timeline Ausgrid wanted going forward ( green )... Electricity across the National electricity Market comparison assumes general energy usage of 3900kWh/year for a specific comparison your... Top of the recipient at their tax rate and AVP are considering the feedback received as of... The RIT-T framework that may be available tax rate the Transgrid team Victoria... This Wikipedia the language links are at the top of the cheapest prices...
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