Major decisions, such as the location of the VNI West connection to WRL, consider engineering and economic factors. A recent study commissioned by a collaborative Steering Committee on Transgrids HumeLink project noted that undergrounding of HumeLink would triple the project cost and add a further five years to the construction timeline. We understand the importance of building social licence for transmission projects through the RIT-T process and we are committed to working closely with communities to understand unique, local issues, and consider these issues as early as possible. This means you are charged the same amount for the electricity you use, regardless of when you use it. Since the 1950's, our network has developed to meet the growing needs of energy consumers. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. 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. 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. That information is then sent to our systems, validated and then sent to your electricity retailer so they can calculate your bill. Unfortunately, no. Transgrid and the Australian Energy Market Operator Victorian Planning (AVP) are progressing a joint Regulatory Investment Test for Transmission (RIT-T) to assess the technical and economic viability of expanding the transmission interconnector capacity between Victoria and New South Wales. If you are in these areas and would like to know more, please email [email protected] or call 1300 360 795. We invest in building sustainable working relationships with all our procurement partners. This is front page news. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. By leading the transition to a clean energy future, we aim to make a better power system for Australians. The project is also expected to support regional employment and economic growth in some capacity across the LGAs where the project is sited. Stay up to date. 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. 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. It is the first of a three stage RIT-T process. }); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. The statutory obligations relevant to network operators and our role as the regulator are governed by a number of regulatory instruments. 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]. [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). A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. 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. 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. 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. Before entering the distribution network managed by Ausgrid, Endeavour Energy and Essential Energy, the voltage must be reduced from 132 kV, 220 kV, 330 kV or 500 kV to lower voltages. Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. 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. These are products from a referral partner. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. We focus on making services affordable, prioritising safety, and delivering for our customers. 10 0 obj Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. The assets are worth more to foreign buyers because: Overseas buyers have a lower cost of capital; Most utility infrastructure is structured as a combination trust/company (stapled security). On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. Maps appearing in the VNI West PADR, and the 2022 ISP, are illustrative only. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. AGL, Origin). The matters that can and cannot be considered are set out in RIT-T application guidelines developed by the Australian Energy Regulator (AER). 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 and industry. Videos of the presentation can be viewed below, with copies of the slide pack available in the Resources section below. 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. [ 11 0 R] More consultation will occur early 2023, before a final decision is made. 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. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. Smart meters are remotely read by your retailers appointed metering data provider, these meters record your energy in the same way as interval meters, that is, recording how much electricity is used every 30 minutes. 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. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. In February 2023, we will also be publishing a consultation report explaining the proposed preferred option from this additional analysis and inviting further feedback through written submissions prior to concluding the RIT-T. We are and will continue to engage with Traditional Owners and stakeholders to facilitate meaningful input, and clearly explain the rationale and benefits of the project. Ausgrid is the onlyelectricity distributorin this area and has sole responsibility for the maintenance of this network zone. News and analysis for the clean energy economy. There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. Transgrid has entered into an underwriting agreement with the Commonwealth Government to develop the Victoria to New South Wales Interconnector West (VNI West), a major transmission infrastructure project proposed to secure the electricity supply and boost sharing between the two states. . 1 0 obj We have never heard any criticism of its interests in regard to national security. This includes a number of major urban areas such as Cronulla, Newcastle and the Hunter region. 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. Integrating sustainability principles across our operations helps to protect our communities. 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. The reading is then validated and sent to your electricity retailer who calculates your final bill. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. 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. If you live on the central-east coast of New South Wales, your electricity distributor will be Ausgrid. Great story. David Leitch is a regular contributor to Renew Economyand co-host of the weekly Energy Insiders podcast. Try selling that to politicians or Joe Public. Ausgrid owns most meters connected to our network. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of 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= Get up to 3 free, no obligation quotes from highly-qualified installers. 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