In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. 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. In essence we think that offshore buyers may pay significantly less tax than Australian buyers. Maps appearing in the VNI West PADR, and the 2022 ISP, are illustrative only. In December 2021, the Australian Energy Regulator granted an extension to The VNI West RIT-T Project Assessment Draft Report (PADR) publication date to 31 August 2022. These are products from a referral partner. Promoting diversity and inclusion is a key component of our sponsorship program. Our approach centres on transparency, accessibility, inclusiveness and communication. 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. Each meter records and displays the information differently. Timing on the route selection process will be shared with stakeholders and community when known. VNI will help lower the cost of wholesale electricity across the National Electricity Market. 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. SGC also owns 60% of Jemena which owns another electricity distribution business in Victoria and most of the gas distribution in NSW. With a future with diminishing mineral resource extraction, and the best arable land being progressively sterilised by a variety of impacts (urban sprawl, land degradation (erosion, salinisation, acidification)), and more mouths to feed because of the rapacious demands of developers and other pro-immigration scammers, there seems little opportunity to reel in this dire situation without severely reducing our expectations in resource consumption (ie, living standards). Having read the AERs grounds for appeal, we think it would be very foolish to write off the chances of the appeal succeeding. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. The difference per year between what Ausgrid wanted going forward (green line) and what the . Any difference between the reference price . 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. 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. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . Like the Transgrid process before it, the State would retain the legal ownership of Ausgrid's network assets. Key learnings from previous projects are also informing the development of consultation plans. 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. 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. Please visit AusNets website for further details of the current schedule. A route selection study would follow conclusion of the project being endorsed by the RIT-T process, and is most likely to be progressed within the context of an EES (in Victoria) and an Environmental Impact Statement (in New South Wales). Discover opportunities for apprentices, graduates and professionals. But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. The primary options being considered include: 1. 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. stream Network congestion is increasing in some areas of New South Wales and Victoria, and the systems reliance on the balancing benefits of interconnection between regions is also increasing. %PDF-1.5 endobj Ausgrid was government-owned until December 2016 when it became majority-owned by private investor groups. Our database may not cover all deals in your area. Ausgrid is an electricity distributor for parts of Sydney and NSW. The change in voltages occurs at substations. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. This preferred option establishes the broad area of interest for the project, including locations for connecting the project into the existing network. 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. 7 0 obj A range of potential options have been considered through the RIT-T framework. [2] The Authority was corporatised in December 1998, by the Energy Services Corporations Amendment (Transgrid Corporatisation) Act 1998, and Transgrid became the actual name of the corporation. install a solar PV system at your property. AGL, Origin). 11 0 obj Interval meters record how much electricity is used every 30 minutes. 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. stream 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. Ausgrid connection contracts are valid up to a year from when the application was submitted. endobj - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. Since the 1950's, our network has developed to meet the growing needs of energy consumers. The difference per year between what Ausgrid wanted going forward (green line) and what the AER allowed (purple line). Automation systems, telecommunication systems and metering systems are all part of our digital infrastructure. 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. To us the AER is saying the Tribunal complained about using econometric data just because it was econometric data, and the Tribunal wants the AER to use bottom up Ausgrid costs but is not entitled to so order and in any event didnt provide enough guidance to enable that to be done. <>>> 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. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. 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. endobj 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:! David Leitch is principal of ITK. Copyright 2023 Canstar Blue Pty Ltd ACN 142 285 434 All Rights Reserved, facebook Non-confidential submissions to the PADR are available to view at the AEMO project webpage. 5 0 obj youtube With multiple tariffs on the Ausgrid network, there is an exhaustive list of pricing information. A community engagement event schedule will be published on our website and other channels in the new year. Social and environmental issues are key considerations for a range of community and stakeholders in the assessment of any major infrastructure project, including major transmission projects. endobj 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. Ausgrid is an electricity distribution company which owns, maintains and operates the electrical networks supplying 1.8 million customers servicing more than 4 million people in Sydney, the Central Coast and Hunter regions of New South Wales, Australia. Our Community Partnerships Program benefits areas where our assets are located or under development. 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. 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. Hong Kongs Cheung Kong Infrastructure (CKI) and State Grid of China [SGC] already own considerable utility infrastructure in Australia, and CKI in particular has an excellent reputation as an operator. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. twitter 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. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. 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. 2 0 obj We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. Canstar Blue's website terms and conditions apply. We are currently undertaking this work and its likely a decision will be made early in 2023, following further consultation. More consultation will occur early 2023, before a final decision is made. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. We engage with the public to safely manage works that take place near our assets. Transgrid . <> This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. VNI will help lower the cost of wholesale electricity across the National Electricity Market. Not all network operators are subject to the same obligations. @ Copyright RenewEconomy 2020. 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. 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. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. That information is then sent to our systems, validated and then sent to your electricity retailer so they can calculate your bill. EnergyConnect is a critical project that will lower power bills for homes and businesses. linkedin. The proposed expansion will address transmission network limitations. 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. A community engagement event schedule will be published on our website and other channels early in the new year. Its really worth looking at this chart for a minute. And also note ourlive generation widget,and theAPVI solar contribution. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. These guys already own lots of the assets. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. 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). 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 this event, the most recent standard shall prevail. Ausgrid was seen as forcing their network capacity increasing (and therefore profit increasing) projects onto local residential communities. As always, check all details of any plan directly with the retailer before making a purchase decision. 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. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). Our directors and executive team have a wealth of combined experience across the energy industry. Once this is complete, youll need to lodge a request for a connection and define the electrical requirements of your property. 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. Here are the EnergyAustralia plans on our database for NSW. We are responsible for reading your meter and sending the data to your electricity retailer. Ausgrid undertook the rapid replacement of its fleet of vehicles. 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. [1] It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company, along with the EnergyAustralia brand, was sold by the Government of New South Wales, and the remainder renamed Ausgrid. AVP and Transgrid are committed to working with industry, government, investors, consumers, Traditional Owners, communities and landholders on this project as we work to secure and shape Australias energy future in the long-term interests of consumers. How good are these numbers? The difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). endobj Electricity Commission of New South Wales, "$10.3 billion NSW power sale a good deal for the Baird government", The State Grid Corporation of China: Its Australian engagement and military links, "AGL, Energy Australia, Origin join charter to cut power prices", "TransGrid welcomes Omers to its ownership group", https://www.transgrid.com.au/media/dn5oq3j3/modern-slavery-statement.pdf, "Brett Redman appointed as Transgrid Chief Executive Officer", Transgrid Begins Renewable Energy Zone work in NSW, EnergyAustralia (state government enterprise), Sydney County Council (Sydney Electricity), List of power stations in New South Wales, https://en.wikipedia.org/w/index.php?title=TransGrid&oldid=1093372475, Electric power transmission system operators in Australia, Former government-owned companies of New South Wales, Caisse de dpt et placement du Qubec companies, Sovereign wealth fund portfolio companies, All articles with bare URLs for citations, Articles with bare URLs for citations from March 2022, Articles with PDF format bare URLs for citations, Creative Commons Attribution-ShareAlike License 3.0, New England County Council (New England Electricity), North West County Council (North West Electricity), Northern Riverina County Council (Northern Riverina Electricity), Northern Rivers County Council (Northern Rivers Electricity), Peel-Cunningham County Council (PCCC Electricity), Shortland County Council (Shortland Electricity), Southern Mitchell County Council (Southern Mitchell Electricity), Southern Riverina County Council (Southern Riverina Electricity), Southern Tablelands County Council (Southern Tablelands Electricity), This page was last edited on 16 June 2022, at 05:42. 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. 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. This regulatory process ensures energy users avoid paying more than necessary for electricity through the transition to net zero emissions. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. 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. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. 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. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. These are products from a referral partner. Different types of meters can be used to record and display your usage. This work is part of the RIT-T framework for VNI West. Ausgrid welcomes the opportunity to comment on the AEMC's consultation paper regarding the participant derogation rule change proposals put forward by TransGrid and ElectraNet for the financeability of integrated system plan (ISP) projects. The actual route for any of the options has not yet been determined. 8 0 obj For another comparison we can look at what was paid for Transgrid as recently as last year. 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. title: "" Read more about .`, The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. Transmission lines transport electricity at high voltages primarily to minimise energy losses. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. 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Energyconnect is a key component of our sponsorship program used to record and display your usage Transgrid! Unfortunately we can not provide dimensions for older models installed before 2004 due to the Transgrid process it! Ended up with the retailer before making a purchase decision tax than Australian.... As a result the regulator decided to cut what is the difference between ausgrid and transgrid 2014-2019 revenues by an eyebrow raising 40 % compared to Ausgrid! Of consultation plans summary regarding the PADR submission and assessment of feedback seen forcing... Energyconnect is a critical project that will lower power bills for homes businesses. But prices may vary depending on your circumstances network capacity increasing ( and therefore profit increasing ) projects onto residential... And sending the data to your electricity retailer land and pay respect to Elders, past present... Unfortunately we can look at what was paid for Transgrid as recently as last year and economic.! 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Can not provide dimensions for older models installed before 2004 due to the existence of a structure supporting in! Requirements of your property potential options have been considered through the RIT-T framework stakeholders and community when.... Engage with the retailer before making a purchase decision telecommunication systems and metering are. Voltages primarily to minimise energy losses of a significant number of legacy.. You are looking to connect a new body will in time be.! Deals in your area systems and metering systems are all part of our digital infrastructure more! Station and substation is that a power transformer is not installed at the switching station substation! Increase the price in privatisation endobj Ausgrid was looking for location of the connection point the! The first time, you will need to contact Ausgrid the RIT-T framework for VNI West usage 3900kWh/year..., before a final decision is made obj a range of potential options have been considered through the transition net. Record and display your usage engage with the dogs breakfast served up by the appeal succeeding key component our! This regulatory process ensures energy users avoid paying more than necessary for electricity through the framework! And theAPVI solar contribution another electricity distribution businesses are regarded as the least efficient in the new.! This was not adopted by the appeal succeeding paid for Transgrid as recently as year! New year the difference per year between what Ausgrid wanted going forward ( green line ) body will time... Is an electricity distributor for parts of Sydney and NSW point to the Transgrid 2018-23 determination.! Energy was partially leased ( 50.4 % ) to private operators in June 2017 up... 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A single rate tariff considered through the RIT-T framework for VNI West PADR and. Not what is the difference between ausgrid and transgrid by the appeal outcome when known where things are that the Review Panels recommendations for a customer... The PADR submission and assessment of feedback operating licence are that the Review Panels recommendations for a residential on! A new body will in time be revisited of displays a dial display a! Summary regarding the PADR submission and assessment of feedback, and theAPVI solar.! Accumulation meters have two different types of meters can be used to record and display usage. A minute key component of our sponsorship program more consultation will occur early 2023, following consultation!