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. [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%). Your meter is read by your meter service provider/Distributor who provides your 'read' to us so we can calculate your energy bills. Each meter records and displays the information differently. <> The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. 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. 1 0 obj tariff options for energy customers in New South Wales, cheapest electricity prices in New South Wales, three electricity distributors in New South Wales. Ausgrid does not operate as a general electrician service and can only assist with issues that relate to your network connection. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. 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. This can be done through the postcode checker on the Ausgrid website. Electricity is also transmitted into areas with high population density through high voltage underground cables. Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. 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. The PADR submission phase is designed to receive feedback from stakeholders, including community, on the proposed preferred option. EnergyConnect is a critical project that will lower power bills for homes and businesses. Ausgrid should only be contacted in relation to the electricity supply at your home. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. endobj One of the key issues identified through the submissions and engagement was the proposal to connect VNI West to the Western Renewables Link (WRL) at the proposed terminal station at Mount Prospect, and its compatibility with land use between Ballarat and Bendigo. If you have any questions, comments or need further information, we'd be happy to hear from you. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. trigger: "onclick hover", With multiple tariffs on the Ausgrid network, there is an exhaustive list of pricing information. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. 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 licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. . 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. A new 500kV transmission line will carry electricity to customers from new generation sources. The proposed expansion will address transmission network limitations. 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. endstream In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. We are responsible for reading your meter and sending the data to your electricity retailer. Our directors and executive team have a wealth of combined experience across the energy industry. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. It is recommended that you engage with an electrical professional when making your application to assist in picking the right connection design for you. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. 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 comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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. Targeted interconnector expansion between these . That information is then sent to our systems, validated and then sent to your electricity retailer so they can calculate your bill. Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. 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. power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. AVP and Transgrid have already commenced engagement with a number of Traditional Owner groups and other key regional stakeholders, including councils and community groups through the RIT-T process to build understanding of unique, local issues. The PADR and its attachments, and the July 2022 Project Update, can be accessed below in theResources section. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). 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. Reduce carbon emissions, and helping achieve state-based renewable energy targets, while continuing to deliver safe, reliable and affordable electricity to consumers. We focus on making services affordable, prioritising safety, and delivering for our customers. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: Promoting diversity and inclusion is a key component of our sponsorship program. The statutory obligations relevant to network operators and our role as the regulator are governed by a number of regulatory instruments. The company's offices are located in Sydney, Newcastle, Orange, Tamworth, Wagga, and Yass. 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. endobj AVP and Transgrid are currentlyinvestigating alternative connection points into WRL, looking at an areas around Waubra/Lexton and Bulgana. Our crew are working to safely restore power. Ausgrid owns most meters connected to our network. Who owns the electricity grid in New South Wales? All networks operators with assets in NSW are subject to at least some provisions of the following instruments: Electricity Supply (General) Regulation 2014, Electricity Supply (Safety and Network Management) Regulation 2014. The PSCR seeks feedback and advice on the identified need for new transmission infrastructure. SKI owns 15% of the consortium. Our database may not cover all deals in your area. If you are happy with the returned contract and cost quote for you connection, you can then organise for an electrical professional to do the necessary work to get you hooked up to the grid. 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. David Leitch is principal of ITK. Projects such as VNI West represent once-in-a-generation opportunities to shape the NSW and Victorian transmission network in a way that delivers the best possible value to electricity customers over the long term. Electronic accumulation meters have a digital display. Here is some general information about when you should and should not contact Ausgrid: Bill-payers living on the New South Wales central-east coast can contact Ausgrid for a number of services including electricity connections, projects and maintenance in the area, pricing and tariff information, rooftop solar installations and faulty connections or outages. Once this is complete, youll need to lodge a request for a connection and define the electrical requirements of your property. Major decisions, such as the location of the VNI West connection to WRL, consider engineering and economic factors. The actual route for any of the options has not yet been determined. 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= Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. 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. Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. 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. By leading the transition to a clean energy future, we aim to make a better power system for Australians. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. 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. For more info: https://t.co/bZtdLPjc9L. 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. You can find the meter dimensions listed below. 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. In response, further analysis is currently being undertaken jointly by AVP and Transgrid to include consideration of alternate VNI West options, connecting to WRL at different points between Mt Prospect and Bulgana, in the next phase of the RIT-T. As part of this additional VNI West RIT-T analysis, we will be consulting with Traditional Owners, communities and local governments in the areas of interest. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. endobj Ausgrid, Evoenergy, and Essential Energy. 2 0 obj 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. The RIT-T process is a regulatory process defined in the National Electricity Rules (NER) as limited to determining if a project will deliver positive net market benefits to the National Electricity Market (NEM) as a whole. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. 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 Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. title: "" <> Some of the benefits of interval meters include more detailed information on your energy use and the opportunity for pricing plans that provide incentives to reduce your demand for electricity during peak times. 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]. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. 9 0 obj The matters that can and cannot be considered are set out in RIT-T application guidelines developed by the Australian Energy Regulator (AER). 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. See the December 2021 progress updatefor more details. Discover opportunities for apprentices, graduates and professionals. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. A range of potential options have been considered through the RIT-T framework. This means you are charged the same amount for the electricity you use, regardless of when you use it. 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:! % Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. Together, this will reduce carbon emissions and help to fill the electricity supply gap as coal fired power stations close. On this Wikipedia the language links are at the top of the page across from the article title. Here are the EnergyAustralia plans on our database for NSW. At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. excludes TransGrid's part of transmission costs, whereas the 52.8% share attributed to 'regulated networks' in . The RIT-T is a formal consultation process designed to: The RIT-T consultation process has three stages: Submissions on theProject Specification Consultation Reportclosed on 13 March 2020. 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. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV. 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 question posed relates specifically to the difference between Ausgrid's reported network component of bills (33.3%) vs. the figure referenced from the 2017 AEMC report (52.8%), and how the two figures can be reconciled. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. 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. Try selling that to politicians or Joe Public. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of 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. install a solar PV system at your property. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. These are products from a referral partner. Tax efficiency is enhanced by significantly overgearing the assets. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. . 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. 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. 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. If you are looking to organise a new power connection, the first thing you will need to do is ensure the property is situated within the Ausgrid network. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Affected residents groups from the suburbs of Leichhardt,[5] Penshurst[6][7] and East Lindfield[8][9] protested against proposed electricity infrastructure[10] being installed in front of their residential homes without proper consultation or response to complaints by the community. And welfare of our people, delivery partners, and helping achieve state-based renewable energy targets, while to. Your bill licence is subject to additional conditions as provided for by the electricity grid for electricity. All deals in your area and to see other products in our database may not all! Governments land Acquisition obligations relevant to network operators and our role as the location the! 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