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). 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. We are responsible for reading your meter and sending the data to your electricity retailer. 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. Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. We have never heard any criticism of its interests in regard to national security. On 29 July 2022, Transgrid and AVP published the Project Assessment Draft Report (PADR), which examines the technical and economic factors leading to identification of a proposed preferred option for VNI West. Stay up to date. Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. 12 0 obj This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that Our database may not cover all deals in your area. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. Reliability and performance licence conditions, Transmission reliability and performance standard. The difference per year between what Ausgrid wanted going forward (green line) and what the . Different types of meters can be used to record and display your usage. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. Our directors and executive team have a wealth of combined experience across the energy industry. Our database may not cover all deals in your area. A community engagement event schedule will be published on our website and other channels in the new year. In essence we think that offshore buyers may pay significantly less tax than Australian buyers. power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. We have provided links to each network operators licence (and any subsequent variations) below. I am hoping that the aer wins the appeal. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. }d'==)S~?i [5], In 2018, Transgrid was among 17 energy businesses that supported the launch of the Energy Charter, a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy. 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. 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. 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. 2 0 obj The Ausgrid network covers over 22,000 square kilometres, spanning from Sydney to the Great Dividing Range. . 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. There are typically three different types of meters. 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. 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. Ausgrid was government-owned until December 2016 when it became majority-owned by private investor groups. It is important to note that Ausgrid does not generate electricity for you to use, nor is it involved in customer billing. The primary options being considered include: 1. To our knowledge, all information in articles on the Canstar Blue website was correct at the time of publication. It is possible that conflict may exist between standard documents. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. It will harness clean, low-cost electricity from existing and future renewable energy zones (REZs) in New South Wales and Victoria (Murray River REZ and Western Victoria REZ), significantly boosting the ability to share energy between states and increase access to Snowy 2.0s deep energy storage. 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. Alternatively, you can call Ausgrid at any time on 13 13 88. 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. 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. 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. <> If you have not organised your connection within this time, you will need to re-apply for a new contract in order to get connected. 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. The meter reader will sight the meter and type it in to their handheld computer that sends the data directly to our systems. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. Can I choose a different energy distributor other than Ausgrid? You can find the meter dimensions listed below. trigger: "onclick hover", This differs from the enterprise value of more than $20 billion for the . This means you are charged the same amount for the electricity you use, regardless of when you use it. If the location of the proposed VNI West connection to WRL changes, it is unlikely to significantly alter the proposed WRL route, although would require uprating the proposed WRL transmission line to 500kV east of the connection point to accommodate the additional volume of renewable generation that would be harnessed from VNI West. Although VNI West will not be delivered under the VTIF, VicGrid has indicated that the principles detailed within the framework should be incorporated into the various phases of the project where possible. The interconnector upgrade will boost interstate power flows and lower energy bills. 10 0 obj It is the first of a three stage RIT-T process. Subscribe to receive all major news and updates. Electricity is also transmitted into areas with high population density through high voltage underground cables. AGL, Origin). According to the Ausgrid website, you should then receive a connection offer or contract within 10 business days of lodging your application. The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. Try selling that to politicians or Joe Public. 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. 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. Power is currently out to customers in Bondi, Bondi Junction, Bronte and surrounding suburbs. <> AusNet has and continues to investigate project alternatives as part of the EES. 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. 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. If you experience a blackout or power outage, Ausgrid should be your first port of call. Each meter records and displays the information differently. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Transmission reliability and performance standard -applicable from 1 July 2018. A new 500kV transmission line will carry electricity to customers from new generation sources. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. Sad that our essential services have been become the plaything of corporate interests and so much is wasted legal and financial arguments of how to share the spoils as opposed to reducing greenhouse gas emissions and supplying power. Learn about our other projects which secure ongoing supply for energy customers. 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. 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. Ausgrid owns most meters connected to our network. 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. <> In general investment banking analysts were critical of the price paid although the SKI share price has held up well. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. endobj The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. As a result the regulator decided to cut Ausgrids 2014-2019 revenues by an eyebrow raising 40% compared to what Ausgrid was looking for. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. 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. 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. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. $("#scpopover_282170").popover({ 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. Fact Checked The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. We are currently undertaking this work and its likely a decision will be made early in 2023, following further consultation. 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. CKI is also a major investor in UK electricity distribution assets. David Leitch is a regular contributor to Renew Economyand co-host of the weekly Energy Insiders podcast. <> Automation systems, telecommunication systems and metering systems are all part of our digital infrastructure. Metering systems located at customer connection points in the network, usually at substations, record the amount of power being transmitted at that point and charge the customer accordingly. And also note ourlive generation widget,and theAPVI solar contribution. 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. In the National Energy Market, our operations are governed by a number of institutions. 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. We engage with the public to safely manage works that take place near our assets. 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. linkedin. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. With more than 15 years experience Transgrid Telecommunications manages an extensive fibre optic network covering in excess of 4000km across NSW, the ACT and Victoria. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. Great story. The reading is then validated and sent to your electricity retailer who calculates your final bill. 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. Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session. Transgrid . As always, check all details of any plan directly with the retailer before making a purchase decision. AusNet Services has been contracted by AEMO to delivery WRL and has been notified of our current VNI West investigation. The actual route for any of the options has not yet been determined. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). 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. Ausgrid connection contracts are valid up to a year from when the application was submitted. This agreement will enable Transgrid to plan with confidence and maximise the opportunity to deliver the project aligned with the RIT-T process. Accumulation meters only keep track of the total electricity usage. We have rigorously tested TransGrid's forecast costs to check . 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 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. Meters measure how much gas or electricity is being used at your service address. <> 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. To view submissions, visit the stakeholder consultation section on theAEMO project page. tariff options for energy customers in New South Wales, cheapest electricity prices in New South Wales, three electricity distributors in New South Wales. In this event, the most recent standard shall prevail. 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. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. 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. In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. 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. He was formerly a Utility Analyst for leading investment banks over the past 30 years. 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. Our database may not cover all deals in your area. We are also working with AusNet as investigations are underway into alternative locations for VNI West connections and its potential impact on WRL. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. The proposed expansion will address transmission network limitations. <> Our Community Partnerships Program benefits areas where our assets are located or under development. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. This information may have changed over time. The display of the interval meter is programmed to show the date and time (in Eastern Standard Time as required by the National Electricity Rules) as well as the total kilowatt hours (kWh). We are responsible for reading your meter and sending the data to your electricity retailer. The PADR and its attachments, and the July 2022 Project Update, can be accessed below in theResources section. This includes a number of major urban areas such as Cronulla, Newcastle and the Hunter region. upgrade WRL from near Waubra to Bulgana). 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. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. A community engagement event schedule will be published on our website and other channels early in the new year. 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. <> 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. 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. SGC owns 19.9% of listed stapled security Ausnet. container:'body', endstream The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. ENV owns the gas distribution business in South Australia, a part of the gas distribution business in Victoria, Southern NSW and QLD. 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. Any faulty or fallen powerlines spotted on the central-east coast of NSW should also be raised with Ausgrid. We focus on making services affordable, prioritising safety, and delivering for our customers. placement: 'auto', 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= David, The PADR submission phase is designed to receive feedback from stakeholders, including community, on the proposed preferred option. endobj Here are the energy distributors in NSW. This regulatory process ensures energy users avoid paying more than necessary for electricity through the transition to net zero emissions. Years SolarQuotes has steadily built a network of heavily vetted solar installers standard shall prevail significantly tax. Theaemo project page going forward ( green line ) and what the measure how much or. And surrounding suburbs our Reconciliation Action plan contributes to creating a more equitable future interests in regard national. 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