To determine a route, a detailed route selection study that considers all technical, environmental, social and Cultural Heritage constraints and opportunities will be undertaken. Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. container:'body', 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. While generators are required to provide adequate notice before decommissioning, there are risks that a substantial plant failure, loss of significant revenue or force majeure events could cause an early or unexpected plant retirement. Reliability and performance licence conditions, Transmission reliability and performance standard. A new 500kV transmission line will carry electricity to customers from new generation sources. More consultation will occur early 2023, before a final decision is made. A range of potential options have been considered through the RIT-T framework. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. Electronic accumulation meters have a digital display. The interconnector upgrade will boost interstate power flows and lower energy bills. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project. The issues we are aware of, and an explanation of how these issues have been considered where possible, will be outlined in the further RIT-T consultation report to be published in February 2023. This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that David, 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. 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. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. The display of the interval meter is programmed to show the date and time (in Eastern Standard Time as required by the National Electricity Rules) as well as the total kilowatt hours (kWh). The network connects generators, distributors and major end users. Route selection will be finalised after the regulatory test for this project is completed, and in close consultation with stakeholders and communities. Explain to stakeholders the basis on which the preferred option has been selected. 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. This is why we are taking this step of consulting with potentially impacted communities so we can be confident we understand all the local factors before making any decision. 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. endobj This includes a number of major urban areas such as Cronulla, Newcastle and the Hunter region. 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. The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. This preferred option establishes the broad area of interest for the project, including locations for connecting the project into the existing network. It is the first of a three stage RIT-T process. endobj There are typically three different types of meters. The difference per year between what Ausgrid wanted going forward (green line) and what the AER allowed (purple line). If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. Licence granted to the Endeavour Energy Network Operator Partnership, Licence - to be read in conjunction with below variation. 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. We operate and manage the high voltage electricity transmission network in NSW and the ACT. The reading is then validated and sent to your electricity retailer who calculates your final bill. Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers . Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. 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. The Ausgrid network covers the central-east coast of New South Wales, spanning from Sydney to as far north as Nelson Bay and as far west as the Great Dividing Range. 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. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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. 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). The safety and welfare of our people, delivery partners, and the broader community is our highest priority. . [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) Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. Interval meters record how much electricity is used every 30 minutes. 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. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. 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. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. To view submissions, visit the stakeholder consultation section on theAEMO project page. trigger: "onclick hover", 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 community engagement event schedule will be published on our website and other channels in the new year. 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. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. 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 93{*J^K#J,4`4#d'dmF^p&wzOk3giZe:! This information may have changed over time. By leading the transition to a clean energy future, we aim to make a better power system for Australians. 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. <> 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. The difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. AGL, Origin). EnergyConnect is a critical project that will lower power bills for homes and businesses. All rights reserved. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. It is mainly responsible for maintaining the network of poles, wires and stations that make it possible for electricity to reach your home. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. 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. 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. 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. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. }d'==)S~?i Subscribe to receive all major news and updates. Before entering the distribution network managed by Ausgrid, Endeavour Energy and Essential Energy, the voltage must be reduced from 132 kV, 220 kV, 330 kV or 500 kV to lower voltages. Transgrid and the Australian Energy Market Operator Victorian Planning (AVP) are progressing a joint Regulatory Investment Test for Transmission (RIT-T) to assess the technical and economic viability of expanding the transmission interconnector capacity between Victoria and New South Wales. 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. Accumulation meters only keep track of the total electricity usage. 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. 11 0 obj Unfortunately, no. 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. 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. AusNet has prioritised reaching out to landholders between Mount Prospect and Bulgana, who may potentially host the WRL infrastructure, and those surrounding landholders who may potentially be impacted by any changes. If you live on the central-east coast of New South Wales, your electricity distributor will be Ausgrid. We are committed to working closely with local stakeholders, Traditional Owners, landholders and communities throughout the project area to understand how we can maximise benefits across the board. It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company . Its really worth looking at this chart for a minute. For this reason, these meters are also known as time of use meters. 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. We have never heard any criticism of its interests in regard to national security. This can be done through the postcode checker on the Ausgrid website. 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. David Leitch is a regular contributor to Renew Economyand co-host of the weekly Energy Insiders podcast. 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. Feedback was received during the PADR Submission process suggesting alternative connection points for the Victorian end of VNI West. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. Unlock clean, lowest-cost electricity from existing and future renewable energy zones (REZs) in Victoria and New South Wales as coal-fired power stations close. 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. If you would like to learn more, independent consultants GHD and Stantec have finalised The HumeLink Project - Underground report. The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. The route selection study process will involve taking the broad project area of interest established through the RIT-T process, and narrowing this down and refining based on more detailed consideration of technical, environmental, social and cultural constraints, as well as Traditional Owner, community and stakeholder landholder feedback. In essence we think that offshore buyers may pay significantly less tax than Australian buyers. % The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. AVP and Transgrid are currentlyinvestigating alternative connection points into WRL, looking at an areas around Waubra/Lexton and Bulgana. Here are the EnergyAustralia plans on our database for NSW. <> Any faulty or fallen powerlines spotted on the central-east coast of NSW should also be raised with Ausgrid. CKI is also a major investor in UK electricity distribution assets. 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