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. ENV owns the gas distribution business in South Australia, a part of the gas distribution business in Victoria, Southern NSW and QLD. Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. endobj These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Fact Checked In response, AVP and Transgrid are investigating alternative locations in the Waubra/Lexton or Bulgana areas for connection of VNI West, which would still run via a terminal station in the area of Kerang. We are collaborating with local governments, Traditional Owners, Registered Aboriginal Parties, the Australian Energy Infrastructure Commission, and other key representative organisations to inform and guide our engagement activities and to build broader community awareness of the project. And also note ourlive generation widget,and theAPVI solar contribution. 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. Should WRL not receive the required environmental and planning approvals, the impact on VNI West would need to be considered at that point in time. We are committed to working with Traditional Owners, stakeholders, communities, and landholders to build our understanding of the local context and listen to interests and concerns as we develop and refine transmission line route options and Victorian terminal station locations. linkedin. 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 electricity network and transmission lines in NSW are owned by Transgrid - a privately owned company. 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. The project is also expected to support regional employment and economic growth in some capacity across the LGAs where the project is sited. 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. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. 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 $16.2 billion figure is the value of all of Ausgrid's debt, plus proceeds received for the 50.4 per cent equity stake. Since the 1950's, our network has developed to meet the growing needs of energy consumers. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. . It is recommended that you engage with an electrical professional when making your application to assist in picking the right connection design for you. Tax efficiency is enhanced by significantly overgearing the assets. 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]. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. Who owns the electricity grid in New South Wales? 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. 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. Any decision to include undergrounding would require consideration of all technical, environmental, social and cultural constraints, together with stakeholder and community feedback. This page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. A community engagement event schedule will be published on our website and other channels in the new year. 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. AVP and Transgrid appreciate the thoughtful submissions provided to date on VNI West and will continue open discussions with Traditional Owners, communities, and stakeholders on this important transmission project. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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. . 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. Ausgrid does not operate as a general electrician service and can only assist with issues that relate to your network connection. Customers in the Parramatta, Penrith, Lithgow, Richmond, Wollongong, Moss Vale or Nowra regions are connected on theEndeavour Energy network, while customers west of Bathurst and Goulburn, south of Batemans Bay and north of Dungog are connected to theEssential Energy network. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. 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. Bulgana option: a new 500kV line connecting WRL at a new TS near Bulgana to PEC; OR a new 500 kV line connecting WRL at a new TS near Bulgana to PEC, via a new TS near Bendigo and a TS station near Kerang. In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. 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. Learn about our other projects which secure ongoing supply for energy customers. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. 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. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. Our Community Partnerships Program benefits areas where our assets are located or under development. install a solar PV system at your property. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . 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. Further project information is available from AVP and Transgrid through the contact details below. On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. Ausgrid owns most meters connected to our network. 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]. 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. Reliability and performance licence conditions, Transmission reliability and performance standard. Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. SGC owns 19.9% of listed stapled security Ausnet. 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. Feedback was received during the PADR Submission process suggesting alternative connection points for the Victorian end of VNI West. However, if a decision is made to connect VNI West to an alternative WRL terminal station location, the submission of the WRL Environment Effect Statement may be further delayed. 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. Our database may not cover all deals in your area. 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. 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. 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. To connect your home or business to the electricity grid, If you find any electricity faults that are not related to the network, To report a safety concern such as a fallen powerline, To discuss changing energy plans or retailers, To get permission to relocate network assets (i.e. 9 0 obj 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. Ausgrid is an electricity distributor for parts of Sydney and NSW. A community engagement event schedule will be published on our website and other channels in the new year. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. AVP and Transgrid also support the Energy Charters work in developing social licence guidelines for co-existence of transmission infrastructure and agriculture in an attempt to mitigate negative impacts and prioritise the need for shared values through the energy transition. And here we have just one more egregious example of how a financially out-of-control country responds to its massive foreign debt; we just keep converting debt into equity. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. If you would like to learn more, independent consultants GHD and Stantec have finalised The HumeLink Project - Underground report. [10], Brett Redman Chief Executive Officer[12], Craig Stallan - Executive Manager Works Delivery, Kasia Kulbacka - Executive Manager Network Planning & Operations, Chris Pemberton Executive Manager Corporate Services, Richard Lowe - Chief Executive Officer - Lumea, Brian Salter - Executive Manager Legal Governance & Risk, Eva Hanly Executive Manager of Strategy, Innovation & Technology, Jeff Forrest Chief Financial Officer (Acting). 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. 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. Transgrids recent commitment to the Project Energy Connect enhanced 500 kV investment between Dinawan and Wagga, which has been supported by the Federal Government, the announced earlier closure date of Yallourn Power Station, EnergyAustralias announced Jeeralang Battery in Victoria, Inform stakeholders of the investment need and proposed optionsto address it, Test the market for alternative and more efficient solutions. 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. 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. Each meter records and displays the information differently. These guys already own lots of the assets. We have provided links to each network operator's licence (and any subsequent variations) below. <> html: true, 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. 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. To be read in conjunction with below variation. Well-targeted and timely investment in the transmission network is therefore required to keep pace with these changes and provide consumers with the most cost-effective energy outcomes while maintaining reliability and security. 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. Videos of the presentation can be viewed below, with copies of the slide pack available in the Resources section below. Our database may not cover all deals in your area. endobj This includes opportunities for earlier and deeper engagement with local communities to help better manage impacts and to make the most of regional development opportunities for host communities. Promoting diversity and inclusion is a key component of our sponsorship program. We are investigating potential VNI West connection locations along the proposed WRL route west of the currently proposed terminal station, including areas around Bulgana (Wotjobaluk Country) and Waubra/Lexton (Djaara Country). The residents, after many urgent appeals to Ausgrid's COO Trevor Armstrong and the chairman Roger Massey-Green, had been given no other option to notify local MP's, the media, the Environmental Protection Authority and other authorities to get action against Ausgrid. This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that 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. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. Our core role is to connect electricity consumers to a safe, secure and reliable network through efficient maintenance, proficient operation of assets and prudent investment. 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. Integrating sustainability principles across our operations helps to protect our communities. We recognise the vital role that Traditional Owners and stakeholders, including community and landowners, have in the planning and delivery of major transmission infrastructure projects. As part of the AVP and Transgrid analysis, options are also being assessed to determine the benefits of harnessing more renewable generation from the western Victoria renewable energy zone through uprating WRL to 500kV all the way to Bulgana, irrespective of where VNI West connects in. On this Wikipedia the language links are at the top of the page across from the article title. The network consists of more than 49,000 kilometres of overhead and underground powerlines, with more than 31,000 distribution substations. Below we have listed some of the important information about Ausgrid. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. 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. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. As always, check all details of any plan directly with the retailer before making a purchase decision. endobj 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. We operate and manage the high voltage electricity transmission network in NSW and the ACT. There are typically three different types of meters. endobj At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. endobj Ausgrid maintains a copy of this and other Network Standards together with updates and amendments on www.ausgrid.com.au. instagram We are currently consulting with 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. Careers . A new 500kV transmission line will carry electricity to customers from new generation sources. Our crew are working to safely restore power. A community engagement event schedule will be published on our website and other channels early in the new year. Our database may not cover all deals in your area. title: "" Once this is complete, youll need to lodge a request for a connection and define the electrical requirements of your property. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. More consultation will occur early 2023, before a final decision is made. 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. 14 0 obj Promoting diversity and inclusion is a key component of our sponsorship program. Reliability and performance licence conditions - SUPERSEDED, Licence granted to the NSW Electricity Networks Operations Pty Limited, Minister's variation Signed by the Minister on 29 November 2017. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. 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. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. There are routine meetings with councils and in the new year, we will be providing more details on further opportunities for stakeholders to share their insights and feedback on VNI West connection locations to WRL. AEMOs 2022 Integrated System Plan (ISP) identified VNI West as an actionable ISP project to be progressed urgently and no later than 2031. Our work to assess other potential locations is the result of this consultation process, and engagement with key local community representatives in the regions that may ultimately host the VNI West transmission lines. 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. A new 500kV transmission line will carry electricity to customers from new generation sources. We focus on making services affordable, prioritising safety, and delivering for our customers. 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. This can be done through the postcode checker on the Ausgrid website. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). . [3], In December 2015, a consortium called NSW Electricity Networks was the successful bidder for a 99-year lease of Transgrid's transmission network[4] for $10.3 billion. In this event, the most recent standard shall prevail. 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. This work is part of the RIT-T framework for VNI West. All rights reserved. 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. 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. 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Enhanced by significantly overgearing the assets or under development other products in database. Be referred to your network connection AVP published the project is also expected to support regional and! Legacy models NSW are owned by Transgrid - a privately owned company supply. Owns the gas distribution business in Victoria, Southern NSW and QLD and AVP received 26 submissions the.
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