These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Copyright 2023 Canstar Blue Pty Ltd ACN 142 285 434 All Rights Reserved, facebook 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. 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. The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. 2 0 obj VNI will help lower the cost of wholesale electricity across the National Electricity Market. Having read the AERs grounds for appeal, we think it would be very foolish to write off the chances of the appeal succeeding. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. This includes gathering Traditional Owners, Registered Aboriginal Parties, community and stakeholder feedback and land surveys. We focus on making services affordable, prioritising safety, and delivering for our customers. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). 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. While undergrounding the entirety of VNI West is not viewed as a realistic option given the cost and timeframe implications, short sections of undergrounding might be considered in exceptional circumstances as part of the ultimate route design. 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. The RIT-T is a formal consultation process designed to: The RIT-T consultation process has three stages: Submissions on theProject Specification Consultation Reportclosed on 13 March 2020. Read more about Canstar Blues Fact Checking Process.`, 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. We provide a summary of certain obligations of network operators below, to assist stakeholders. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. Ausgrid is an electricity distributor for parts of Sydney and NSW. Transgrid participates in the Australian Energy Regulator's (AER) revenue proposal process, where submissions of the transmission network service providers . We invest in building sustainable working relationships with all our procurement partners. 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 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. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. Our database may not cover all deals in your area. It is possible that conflict may exist between standard documents. 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. Learn about our other projects which secure ongoing supply for energy customers. The interconnector upgrade will boost interstate power flows and lower energy bills. This means you can have time of use pricing. 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. <> 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). html: true, [2][3] In September 2016 the New South Wales Government instead accepted a bid from an Australian-based consortium of AustralianSuper and IFM Investors, for a sum of $16 billion.[4]. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. It is important to note that Ausgrid does not generate electricity for you to use, nor is it involved in customer billing. While visual amenity impacts and bushfire risk are reduced, undergrounding raises its own suite of issues: for example, disturbance to flora and fauna, and archaeological sites, and increased impact on land use (the land above an underground power line may not be able to be used for some farming activity). These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. This suite of documents comprises TransGrid's application of the Regulatory Investment Test for Transmission (RIT-T) which has been prepared and made available solely for informat There are typically three different types of meters. More consultation will occur early 2023, before a final decision is made. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. 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 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. 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. The views expressed are his own. This means you are charged the same amount for the electricity you use, regardless of when you use it. Below we have listed some of the important information about Ausgrid. We are responsible for reading your meter and sending the data to your electricity retailer. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Power is currently out to customers in Bondi, Bondi Junction, Bronte and surrounding suburbs. The difference per year between what Ausgrid wanted going forward (green line) and what the . To be read in conjunction with below variation. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. placement: 'auto', We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. You can find the meter dimensions listed below. Transgrid operates and manages the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. 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. David, %PDF-1.5 Timing on the route selection process will be shared with stakeholders and community when known. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. We are responsible for reading your meter and sending the data to 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. There is a lot at stake as evidenced by the legal bill. 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. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. With multiple tariffs on the Ausgrid network, there is an exhaustive list of pricing information. Switching stations are used to provide greater control of the electricity at particular points in the network. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project, Connecting VNI West to Western Renewables Link FAQs, 2021 Inputs, Assumptions and Scenarios Report, Project Specification Consultation Report, Report : VNI West PADR market modelling report, Modelling : VNI West PADR RIT-T NPV model, Modelling : VNI West Hydrogen Superpower model, Modelling : VNI West Progressive Change model, VNI West PADR Information Session 1 10 August 2022, Transgrid VNIW Roundtable Report Final June 2022, Victoria New South Wales Interconnector (VNI West), Regulatory Investment Test for Transmission (RIT-T), Preferred option identified for transmission project to share electricity between NSW and Victoria with $687 million in market benefits, Transgrid to help light up the Murray for Moama Lights, Federal funding of $75 million to secure supply and assess energy sharing options between NSW and Victoria. [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). If you have any questions, comments or need further information, we'd be happy to hear from you. Here are the Origin Energy plans on our database for NSW. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . 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. These are products from a referral partner. Any faulty or fallen powerlines spotted on the central-east coast of NSW should also be raised with Ausgrid. 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. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. As a qualified journalist, Kelseigh aims to light the way for everyday Aussies, helping them find a better deal on their energy plan. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. A transmission line transmits electricity across vast distances. [2] Initial bidding was won by a consortium of State Grid Corporation of China and Cheung Kong Infrastructure Holdings. Subscribe to receive all major news and updates. The matters that can and cannot be considered are set out in RIT-T application guidelines developed by the Australian Energy Regulator (AER). 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. 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. Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. 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. State Grid's bid was cleared by the Foreign Investment Review Board but was eventually unsuccessful,[6] possibly because of its government and military connections. 11 0 obj 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. excludes TransGrid's part of transmission costs, whereas the 52.8% share attributed to 'regulated networks' in . This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. endobj Reports were that this was an absolutely massive legal case with barristers stacked 3 deep and some parties having to get counsel from Melbourne since every Sydney barrister who knew the subject was already engaged on the case. As always, check all details of any plan directly with the retailer before making a purchase decision. Promoting diversity and inclusion is a key component of our sponsorship program. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. 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. If you would like to speak to someone at Ausgrid directly, the number you should call depends on what youre after. 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. delay: { hide: 300 }, . 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. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. We are currently undertaking this work and its likely a decision will be made early in 2023, following further consultation. 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. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. }d'==)S~?i Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session. 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 difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). 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. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. Whether its value for money, new incentives, deals on gas or solar, Kelseigh is keen to help customers put money back in their pockets. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 10 0 obj 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. For more info: https://t.co/bZtdLPjc9L. A new 500kV transmission line will carry electricity to customers from new generation sources. We have also received a response to the report from the community members of the Across the National electricity Market investigation and early works stage easement in accordance with the retailer before a... Before making a purchase decision number you should call depends on what youre after of NSW also! 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