ENV owns the gas distribution business in South Australia, a part of the gas distribution business in Victoria, Southern NSW and QLD. 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. A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. Reliability and performance licence conditions, Transmission reliability and performance standard. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. Our approach centres on transparency, accessibility, inclusiveness and communication. Promoting diversity and inclusion is a key component of our sponsorship program. endobj It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company . The views expressed are his own. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. The whole appeal process was entirely opposite to the spirit of better regulation and contrary to recommendations of a review of the appeals process. We are responsible for reading your meter and sending the data to your electricity retailer. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. The development of VNI West will open up opportunities for renewable generation investment and diversity in REZs across Victoria and New South Wales by providing spare transmission capacity to allow this generation to get to market. Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. There are three electricity distributors in New South Wales one for the central-east coast, one for the regional and country areas and one for the metropolitan areas. Learn moreabout this change. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. To read an interval meter the meter reader attaches an optical probe to the meter and downloads the 30-minute interval data into a handheld computer. We engage with the public to safely manage works that take place near our assets. Our Community Partnerships Program benefits areas where our assets are located or under development. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. The following chart is from the AERs final report. This regulatory process ensures energy users avoid paying more than necessary for electricity through the transition to net zero emissions. These are products from a referral partner. We focus on making services affordable, prioritising safety, and delivering for our customers. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. 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. The difference per year between what Ausgrid wanted going forward (green line) and what the . tariff options for energy customers in New South Wales, cheapest electricity prices in New South Wales, three electricity distributors in New South Wales. 9 0 obj A community engagement event schedule will be published on our website and other channels in the new year. 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. <> 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. 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= If not, you can select your property on the map to report an outage. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. 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. endobj trigger: "onclick hover", David, 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. 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. Transgrid runs over 13,000 kilometres of transmission wires in NSW and the ACT, with connections in Queensland and Victoria as well. The proposed expansion will address transmission network limitations. 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. Meters measure how much gas or electricity is being used at your service address. But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. [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 provide a summary of certain obligations of network operators below, to assist stakeholders. 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 <> This enabled Transgrid and AVP to undertake refreshed market modelling as part of the RIT-T process and align with the 2022 Integrated System Plan (ISP) optimal development path and consider the impacts of: See the April 2022 project update for more details. Our database may not cover all deals in your area. 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. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. There is a lot at stake as evidenced by the legal bill. In December 2021, the Australian Energy Regulator granted an extension to The VNI West RIT-T Project Assessment Draft Report (PADR) publication date to 31 August 2022. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of 14 0 obj The safety and welfare of our people, delivery partners, and the broader community is our highest priority. title: "" stream 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. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). Promoting diversity and inclusion is a key component of our sponsorship program. Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. The actual route for any of the options has not yet been determined. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. 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. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. 10 0 obj We are committed to working with Traditional Owners, stakeholders, communities, and landholders to build our understanding of the local context and listen to interests and concerns as we develop and refine transmission line route options and Victorian terminal station locations. Explain to stakeholders the basis on which the preferred option has been selected. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. Below we have listed some of the important information about Ausgrid. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. Canstar Blue's website terms and conditions apply. There are typically three different types of meters. We pay respect to the Traditional Custodians and First Nations peoples of NSW, and acknowledge their continued connection to their country and culture. Its really worth looking at this chart for a minute. To best find out what tariff you should sign up to, you may need to visit Ausgrids Network Prices page. A power transformer is used to change the higher voltage to lower voltage. This can be done through the postcode checker on the Ausgrid website. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. As always, check all details of any plan directly with the retailer before making a purchase decision. A range of potential options have been considered through the RIT-T framework. To understand specific land use issues, we are consulting with Traditional Owners, communities and stakeholders in the Waubra/Lexton (Djaara Country) and Bulgana (Wotjobaluk Country) areas. The difference in revenue between TransGrid's revised proposal and our final decision is mostly driven by our forecast of capital expenditure (capex). Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. 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]. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. linkedin. If you would like to learn more, independent consultants GHD and Stantec have finalised The HumeLink Project - Underground report. Some people occasionally get confused about the difference between distributors such as Ausgrid and . A more technical question on the gamma allowance. 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. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. 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. We focus on making services affordable, prioritising safety, and delivering for our customers. The decision to look at alternative locations for the connection of VNI West to WRL was driven by feedback from the community and stakeholders, with particular concerns in relation to the compatibility of the proposed terminal station location with land use in the Ballarat Bendigo area. 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. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. endstream The AER argues that the Tribunal expressed concerns about the use of estimated econometric data to estimate Ausgrids costs, but made no finding that the estimates were materially inaccurate or unreliable. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 6 0 obj I am hoping that the aer wins the appeal. 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