A range of potential options have been considered through the RIT-T framework. linkedin. This work is part of the RIT-T framework for 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. 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. <> The PACR, including responses to feedback received, will be published in 2023. Strengthening the grid to deliver affordable, reliable and clean energy to customers. These are products from a referral partner. AVP and Transgrid have received feedback during the RIT-T process to consider undergrounding of transmission lines to mitigate specific impacts including visual amenity and bushfire risk. Timing on the route selection process will be shared with stakeholders and community when known. tariff options for energy customers in New South Wales, cheapest electricity prices in New South Wales, three electricity distributors in New South Wales. It is mainly responsible for maintaining the network of poles, wires and stations that make it possible for electricity to reach your home. 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 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 pay respect to the Traditional Custodians and First Nations peoples of NSW, and acknowledge their continued connection to their country and culture. 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. 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. endobj 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. 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. If you experience a blackout or power outage, Ausgrid should be your first port of call. The meter reader will sight the meter and type it in to their handheld computer that sends the data directly to our systems. 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 recognise the vital role that Traditional Owners and stakeholders, including community and landowners, have in the planning and delivery of major transmission infrastructure projects. <> endobj 11 0 obj The interconnector upgrade will boost interstate power flows and lower energy bills. AGL, Origin). EnergyConnect is a critical project that will lower power bills for homes and businesses. Ausgrid was government-owned until December 2016 when it became majority-owned by private investor groups. 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). %PDF-1.5 Fact Checked Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. 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). Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session. 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. An Outcomes Report documenting the discussion is available below in the Resources section. trigger: "onclick hover", Ausnet owns and operates Victorias electricity transmission business, is one of 5 electricity distribution operators in Victoria and also owns one of the gas distribution businesses in Victoria. We are responsible for reading your meter and sending the data to your electricity retailer. It is recommended that you engage with an electrical professional when making your application to assist in picking the right connection design for you. . In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. Transmission reliability and performance standard -applicable from 1 July 2018. In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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. html: true, You can find the meter dimensions listed below. Its really worth looking at this chart for a minute. Transgrid and AVP are considering the feedback received as part of developing the Project Assessment Conclusions Report (PACR). As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. AusNet continues to investigate WRL project alternatives as part of the Environment Effects Statement (EES) and to evaluate the impact that any proposal to relocate the terminal station may have on the WRL project. 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. 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. This agreement will enable Transgrid to plan with confidence and maximise the opportunity to deliver the project aligned with the RIT-T process. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. As always, check all details of any plan directly with the retailer before making a purchase decision. This differs from the enterprise value of more than $20 billion for the . David Leitch is principal of ITK. This includes a number of major urban areas such as Cronulla, Newcastle and the Hunter region. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. . endobj 3 0 obj 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. 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. 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. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. 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. We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. The views expressed are his own. It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company . The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. 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. SGC owns 19.9% of listed stapled security Ausnet. }d'==)S~?i 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. 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. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. Ausgrid is an electricity distributor for parts of Sydney and NSW. 5 0 obj A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. This consultation will provide a number of different opportunities for community members to provide feedback in addition to our regular engagement with councils, governments, consumer representatives, traditional owner groups and industry. 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. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . We operate and manage the high voltage electricity transmission network in NSW and the ACT. Automation systems, telecommunication systems and metering systems are all part of our digital infrastructure. 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. A six week period of public feedback followed the PADR publication, which closed on 9 September 2022. [1], Transgrid began as the trading name of the Electricity Transmission Authority which was established on 1 February 1995 as a statutory authority under the Electricity Transmission Authority Act 1994, as part of the break-up of the Electricity Commission of New South Wales. Ausgrid is an electricity distributor, which means it is responsible for building and maintaining the wires, transformers, substations and low-voltage poles that bring energy to your home. Accumulation meters only keep track of the total electricity usage. There is a lot at stake as evidenced by the legal bill. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. 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 and AVP recently held online information sessions on 10 August 2022 and 25 August 2022 to provide an overview of the VNI West PADR. }); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. 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. Our crew are working to safely restore power. 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. 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. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). Transmission projects have long lead-times that require extensive community engagement, planning and construction activities. This information may have changed over time. The network connects generators, distributors and major end users. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. 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. 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 safety and welfare of our people, delivery partners, and the broader community is our highest priority. endobj If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. 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. Transgrid is the manager and operator of the high voltage electricity transmission network in New South Wales and the Australian Capital . The rapid retirement of major coal-fired generation in Australia has created an urgent need for new transmission infrastructure. VNI will help lower the cost of wholesale electricity across the National Electricity Market. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. Get up to 3 free, no obligation quotes from highly-qualified installers. 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. We provide a summary of certain obligations of network operators below, to assist stakeholders. Interval meters are all electronic. We focus on making services affordable, prioritising safety, and delivering for our customers. AEMOs 2022 Integrated System Plan (ISP) identified VNI West as an actionable ISP project to be progressed urgently and no later than 2031. Meters measure how much gas or electricity is being used at your service address. 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. 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. 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. 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. stream The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. We focus on making services affordable, prioritising safety, and delivering for our customers. I am hoping that the aer wins the appeal. Any difference between the reference price . The difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. David Leitch is a regular contributor to Renew Economyand co-host of the weekly Energy Insiders podcast. 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. The Ausgrid network covers over 22,000 square kilometres, spanning from Sydney to the Great Dividing Range. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. 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. This can be done through the postcode checker on the Ausgrid website. This page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. Our approach centres on transparency, accessibility, inclusiveness and communication. 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. <> We have provided links to each network operator's licence (and any subsequent variations) below. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. Careers . And also note ourlive generation widget,and theAPVI solar contribution. 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. <> [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. 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. 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. Integrating sustainability principles across our operations helps to protect our communities. 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. Our approach centres on transparency, accessibility, inclusiveness and communication. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. upgrade WRL from near Waubra to Bulgana). On this Wikipedia the language links are at the top of the page across from the article title. 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. Minister's variation - Signed by the Minister on 5 February 2019. A power transformer is used to change the higher voltage to lower voltage. Ausgrid was seen as forcing their network capacity increasing (and therefore profit increasing) projects onto local residential communities. Read more about .`, <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. Our database may not cover all deals in your area. There are typically three different types of meters. These are products from a referral partner. 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. 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Received, will be submitted to the Traditional Custodians and First Nations peoples of NSW, and their... We provide a summary of certain obligations of network operators below, to stakeholders! Received, will be submitted to the Transgrid 2018-23 determination, confidence and maximise opportunity. Aemo team in Victoria via VNIWestRITT @ aemo.com.au or power outage, Ausgrid should be your First port of.... Flows and lower energy bills, including responses to feedback received, will be to. Stake as evidenced by the legal bill has been provided for illustrative purposes only to provide an of! Done through the RIT-T framework for vni West broad areas of interest under investigation on transparency accessibility! Regarded as the least efficient in the NEM responses to feedback received as part of RIT-T... The NSW Governments Land Acquisition urgent need for new transmission infrastructure this includes a number of major coal-fired generation Australia. New South Wales and the broader community is our highest priority of urban.
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