A power transformer is used to change the higher voltage to lower voltage. The network consists of more than 49,000 kilometres of overhead and underground powerlines, with more than 31,000 distribution substations. If you live on the central-east coast of New South Wales, your electricity distributor will be Ausgrid. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. endobj Unlock clean, lowest-cost electricity from existing and future renewable energy zones (REZs) in Victoria and New South Wales as coal-fired power stations close. In December 2019, Transgrid and AVP published the Project Specification Consultation Report (PSCR) for VNI West. 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. This will include extensive community and stakeholder consultation. Reliability and performance licence conditions, Transmission reliability and performance standard. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. <> If you are happy with the returned contract and cost quote for you connection, you can then organise for an electrical professional to do the necessary work to get you hooked up to the grid. endobj Here are the energy distributors in NSW. Our approach centres on transparency, accessibility, inclusiveness and communication. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: - Transgrid was fully leased to private operators in December 2015 For information regarding the other functions and services provided by smart meters, please contact your retailer. Please visit AusNets website for further details of the current schedule. 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. A community engagement event schedule will be published on our website and other channels in the new year. Our directors and executive team have a wealth of combined experience across the energy industry. AVP and Transgrid sought and encouraged feedback from stakeholders via submissions and consultations on the Project Assessment Draft Report (PADR), which was published in July 2022. Accumulation meters can be electronic or electro-mechanical. Any decision to include undergrounding would require consideration of all technical, environmental, social and cultural constraints, together with stakeholder and community feedback. install a solar PV system at your property. 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 network connects generators, distributors and major end users. SGC also owns 60% of Jemena which owns another electricity distribution business in Victoria and most of the gas distribution in NSW. All rights reserved. Transgrid's Telecommunications network is one of the largest optical fibre network in Australia, with the majority of the network's Optical Ground Wire (OPGW) strung above the electricity transmission network. 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. Electricity is also transmitted into areas with high population density through high voltage underground cables. There are also four gas distributors in the state. <> 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). According to the Ausgrid website, over four million Aussies rely on their energy from this network. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. 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. Ausgrid maintains a copy of this and other Network Standards together with updates and amendments on www.ausgrid.com.au. Victoria New South Wales Interconnector (VNI West), is a proposed new high-capacity 500 kilovolt (kV) double-circuit overhead transmission line, providing a connection between the Western Renewables Link in Victoria and Project EnergyConnect in New South Wales. 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. To best find out what tariff you should sign up to, you may need to visit Ausgrids Network Prices page. Great story. We have also received a response to the report from the community members of the Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. Electronic accumulation meters have a digital display. 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. Copyright 2023 Canstar Blue Pty Ltd ACN 142 285 434 All Rights Reserved, facebook 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. 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. VNI will help lower the cost of wholesale electricity across the National Electricity Market. Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. On this Wikipedia the language links are at the top of the page across from the article title. And also note ourlive generation widget,and theAPVI solar contribution. 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. [2] Initial bidding was won by a consortium of State Grid Corporation of China and Cheung Kong Infrastructure Holdings. endobj Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. 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. Transgrid and AVP are considering the feedback received as part of developing the Project Assessment Conclusions Report (PACR). 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 Promoting diversity and inclusion is a key component of our sponsorship program. }d'==)S~?i 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. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. We have rigorously tested TransGrid's forecast costs to check . For information and updates on the VNI West RIT-T, please visit AEMO's VNI West RIT-T project page. Each meter records and displays the information differently. VNI West will be critical in the development of additional renewable generation in western Victoria and southwestern New South Wales, as the NEM transitions to low-emission generation technologies such as wind and solar. <> 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. 2 0 obj 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. In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. In general investment banking analysts were critical of the price paid although the SKI share price has held up well. Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. These are products from referral partners. The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. 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. We are responsible for reading your meter and sending the data to your electricity retailer. While this additional analysis is exploring options for VNI West, there is potential for any decision to directly impact landholders and their neighbours along the existing WRL proposed route. 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. upgrade WRL from near Waubra to Bulgana). The PADR submission phase is designed to receive feedback from stakeholders, including community, on the proposed preferred option. For this reason, these meters are also known as time of use meters. The Project Assessment Draft Report (PADR) proposed that, in NSW, VNI West would connect into EnergyConnect at the planned Dinawan substation, between Coleambally and Jerilderie. We engage with the public to safely manage works that take place near our assets. The structures are either steel towers or poles made of steel, concrete or wood. Fact Checked 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. u jP^DDbS'I=4V8w=y.rAH|g\BV|}riCQM=lB]i9[ooT,#m>9zU]-ui.ndfE{zGXp(E66F)-i5[|]~}KnE^Vc"+T^!wUSs~U~^@~a,X4:!Z/GX5RkW 93{*J^K#J,4`4#d'dmF^p&wzOk3giZe:! Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. News and analysis for the clean energy economy. Once this is complete, youll need to lodge a request for a connection and define the electrical requirements of your property. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. 255 (H) x 170 (W) x 63 (D) OR 273 (H) x 170 (W) x 63 (D) with an optional external hook. The RIT-T assessment decision is expected in 2023. There are typically three different types of meters. 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. 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. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. %PDF-1.5 Not all network operators are subject to the same obligations. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. [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]. Feedback from face-to-face and virtual meetings with stakeholders, including councils and local communities, on the PADR has seen 26 written submissions received from a broad range of stakeholders. 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. To our knowledge, all information in articles on the Canstar Blue website was correct at the time of publication. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. Well-targeted and timely investment in the transmission network is therefore required to keep pace with these changes and provide consumers with the most cost-effective energy outcomes while maintaining reliability and security. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 6 0 obj [5] State Grid Corporation of China was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. Its really worth looking at this chart for a minute. In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: Our database may not cover all deals in your area. Strengthening the grid to deliver affordable, reliable and clean energy to customers. 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. 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