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. content: `Our journalists and editors are committed to bringing you accurate, clear and detailed information, and ensuring this page gives you the full picture at the time of publication or update. Alternatively, you can call Ausgrid at any time on 13 13 88. Promoting diversity and inclusion is a key component of our sponsorship program. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project. Please see the review page for details of the review. 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. Ausgrid revised regulatory proposal - Attachment 9.02 5 the types of transmission system assets that are directly attributable to each category of prescribed transmission services; and those parts of a proposed transmission pricing methodology, or the information accompanying it that will not be publicly disclosed without the consent of the TNSP. For issue to all Ausgrid and Accredited Service Providers' staff involved with the design and installation of telecommunications cables in Ausgrid premises, and is for reference by field, technical and engineering staff. The diagram below has been provided for illustrative purposes only to provide an indication of the potential broad areas of interest under investigation. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. [ 11 0 R] 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. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. Transgrid runs over 13,000 kilometres of transmission wires in NSW and the ACT, with connections in Queensland and Victoria as well. Learn moreabout this change. Not all network operators are subject to the same obligations. Due to these timeframes, and the long lead times of transmission projects, AEMO Victorian Planning (AVP) and Transgrid (the network planner in New South Wales) are progressing a joint RIT-T for VNI West, and endeavouring to complete this process in early 2023. Subscribe to receive all major news and updates. <> As always, check all details of any plan directly with the retailer before making a purchase decision. 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. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. Transgrid and AVP are considering the feedback received as part of developing the Project Assessment Conclusions Report (PACR). 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. 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. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. These are products from a referral partner. install a solar PV system at your property. This agreement will enable Transgrid to plan with confidence and maximise the opportunity to deliver the project aligned with the RIT-T process. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of SGC also owns 60% of Jemena which owns another electricity distribution business in Victoria and most of the gas distribution in NSW. As always, check all details of any plan directly with the retailer before making a purchase decision. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. These guys already own lots of the assets. Targeted interconnector expansion between these . We acknowledge community concerns that can be created by this uncertainty and therefore want to make a decision as quickly as possible while ensuring that there is still adequate time for communities and other stakeholders to provide input. Great story. Transgrid's network also connects to 20 direct connect customers, including the four distribution businesses: Endeavour Energy, Ausgrid, Evoenergy, and Essential Energy. This differs from the enterprise value of more than $20 billion for the . In the case of Ausgrid, the network assets would then be leased to an entity or entities in which the private sector bidders would hold a 50.4% equity interest.1 The State would retain a 49.6% equity interest in the lessee entity or . 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]. 8 0 obj linkedin. We have never heard any criticism of its interests in regard to national security. The difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). Ausgrid chief executive Richard Gross is to step down just as pressure on the NSW electricity distributor's management is mounting over industrial action and an upheaval looms in the ownership . <> A power transformer is used to change the higher voltage to lower voltage. There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. 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. In essence we think that offshore buyers may pay significantly less tax than Australian buyers. SKI owns 15% of the consortium. [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). 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). A community engagement event schedule will be published on our website and other channels in the new year. One of the key issues identified through the submissions and engagement was the proposal to connect VNI West to the Western Renewables Link (WRL) at the proposed terminal station at Mount Prospect, and its compatibility with land use between Ballarat and Bendigo. We need to progress VNI West urgently so that it is operational by the time its most needed. Your meter is read by your meter service provider/Distributor who provides your 'read' to us so we can calculate your energy bills. 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 project is also expected to support regional employment and economic growth in some capacity across the LGAs where the project is sited. That information is then sent to our systems, validated and then sent to your electricity retailer so they can calculate your bill. Ausgrid is an electricity distributor for parts of Sydney and NSW. 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 rapid retirement of major coal-fired generation in Australia has created an urgent need for new transmission infrastructure. 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. How good are these numbers? 3 0 obj . 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]. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. 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. By leading the transition to a clean energy future, we aim to make a better power system for Australians. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. 7 0 obj If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. endobj Ausgrid operates under this partnership in a long-term lease, with Australian Super and IFM Investors owning 50.4 per cent of the network, while the NSW Treasury owns 49.6 per cent. Electronic accumulation meters have a digital display. Stay up to date. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. 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 reading is then validated and sent to your electricity retailer who calculates your final bill. Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers . Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). Concerned? The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Here are the energy distributors in NSW. Trevor Armstrong (COO), 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 20 September 2022, at 13:11. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. [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. This is front page news. endobj Canstar Blue's website terms and conditions apply. In this event, the most recent standard shall prevail. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. We will also be publishing an additional RIT-T consultation report in February 2023, outlining the results of the analysis to date, a proposed preferred option and the reasoning for selecting that option, and seeking formal feedback on the proposal. Key learnings from previous projects are also informing the development of consultation plans. 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 does not operate as a general electrician service and can only assist with issues that relate to your network connection. Interval meters record how much electricity is used every 30 minutes. This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. 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. This includes gathering Traditional Owners, Registered Aboriginal Parties, community and stakeholder feedback and land surveys. This work is part of the RIT-T framework for VNI West. 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. 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. The electricity network and transmission lines in NSW are owned by Transgrid - a privately owned company. 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). The PSCR seeks feedback and advice on the identified need for new transmission infrastructure. Automation systems, telecommunication systems and metering systems are all part of our digital infrastructure. %PDF-1.5 We operate and manage the high voltage electricity transmission network in NSW and the ACT. Our database may not cover all deals in your area. endobj You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. 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). [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. A community engagement event schedule will be published on our website and other channels early in the new year. html: true, Our crew are working to safely restore power. It is recommended that you engage with an electrical professional when making your application to assist in picking the right connection design for you. 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. We are responsible for reading your meter and sending the data to your electricity retailer. 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. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). Here are some of the cheapest published deals from the retailers on our database that include a link to the retailers website for further details. 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. 10 0 obj Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. 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. The Ausgrid network covers over 22,000 square kilometres, spanning from Sydney to the Great Dividing Range. youtube Here are the EnergyAustralia plans on our database for NSW. Since the 1950's, our network has developed to meet the growing needs of energy consumers. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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. <> 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. 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. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. Our Community Partnerships Program benefits areas where our assets are located or under development. 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. 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