what is the difference between ausgrid and transgrid

endobj endobj Our database may not cover all deals in your area. Transgrid conducted a roundtable meeting with key stakeholders on 1 June 2022, providing an overview of the VNI West project and an update on its current status within the RIT-T process. The primary options being considered include: 1. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. We provide a summary of certain obligations of network operators below, to assist stakeholders. According to the Ausgrid website, over four million Aussies rely on their energy from this network. 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]. We invest in building sustainable working relationships with all our procurement partners. 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. We have worked to build connections with stakeholders, including councils, to ensure that we are communicating information regularly and sharing important details as early as possible. These are products from referral partners. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. The network consists of more than 49,000 kilometres of overhead and underground powerlines, with more than 31,000 distribution substations. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. 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. 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. As always, check all details of any plan directly with the retailer before making a purchase decision. The proposed expansion will address transmission network limitations. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. Once you are connected, all that is left to do is choose an electricity provider. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. ENV owns the gas distribution business in South Australia, a part of the gas distribution business in Victoria, Southern NSW and QLD. 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]. title: "" These are products from a referral partner. Any decision to include undergrounding would require consideration of all technical, environmental, social and cultural constraints, together with stakeholder and community 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. % Each meter records and displays the information differently. <> The structures are either steel towers or poles made of steel, concrete or wood. Ausgrid has a live feed ofpower outages available on its website, along with a map that indicates where these outages are. The following chart is from the AERs final report. This information may have changed over time. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. [2] Initial bidding was won by a consortium of State Grid Corporation of China and Cheung Kong Infrastructure Holdings. The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. For more info: https://t.co/bZtdLPjc9L. We invest in building sustainable working relationships with all our procurement partners. No decision has been made on where best to connect VNI West into WRL, that will be decided by AVP and Transgrid through the RIT T process following further consultation in the new year. This consultation will focus on 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 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. 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 . Try selling that to politicians or Joe Public. 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 endobj 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. Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. Some people occasionally get confused about the difference between distributors such as Ausgrid and . It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. If there are issues with the internal wiring at your property, this will require a licensed electrician to repair. Concerned? 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. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. 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. install a solar PV system at your property. It is important to note that Ausgrid does not generate electricity for you to use, nor is it involved in customer billing. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. 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. We have provided links to each network operators licence (and any subsequent variations) below. According to the Ausgrid website, you should then receive a connection offer or contract within 10 business days of lodging your application. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. 6 0 obj 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. This differs from the enterprise value of more than $20 billion for the . Can I choose a different energy distributor other than Ausgrid? Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. 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. We have never heard any criticism of its interests in regard to national security. The hearings for this appeal will be in October and the judgment could just possibly be delivered prior to the sale being concluded. [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]. 4 0 obj 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. While the assessment involves evaluating the technical and economic feasibility of a new transmission line, environmental, social and cultural matters may also be considered to the extent that they are relevant to this analysis. <> Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. If you would like to speak to someone at Ausgrid directly, the number you should call depends on what youre after. This will include extensive community and stakeholder consultation. 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. 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. Learn moreabout this change. The reading is then validated and sent to your electricity retailer who calculates your final bill. 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. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. endobj Learn about our other projects which secure ongoing supply for energy customers. As always, check all details of any plan directly with the retailer before making a purchase decision. Alternatively, you can call Ausgrid at any time on 13 13 88. David, In Victoria, the PADR proposed a connection to the Western Renewables Link (WRL) at a new terminal station north of Ballarat. A new 500kV transmission line will carry electricity to customers from new generation sources. 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. . A lot of work is currently underway to understand the specific land use and community issues for each of the potential connection points to inform that decision. The difference per year between what Ausgrid wanted going forward (green line) and what the . 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. Accumulation meters only keep track of the total electricity usage. That is, we persist on selling off the farm, to entities from countries that must think that we are idiotically free and easy. It is mainly responsible for maintaining the network of poles, wires and stations that make it possible for electricity to reach your home. The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. 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. As part of the RIT-T process, a preferred option must be identified that maximises the net market benefits for consumers while meeting the power system needs. The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. Manage shared electricity infrastructure, Report hazard or loss of supply 13 13 88, Electricity supply interruptions 13 20 80, Access Alinta Energy Rewards Shop discounts and benefits, 50% off Mobile when combined with AGL energy. . 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. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). There are typically three different types of meters. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. To best find out what tariff you should sign up to, you may need to visit Ausgrids Network Prices page. The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. 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Wiring at your property, this will require a licensed electrician to repair from the AERs final Report than distribution... Are products from a referral partner Ausgrid at any time on 13 13 88 our database not. Their legal obligations bill ( contact your retailer e.g than 31,000 distribution substations % would be worth $... A critical network upgrade to provide additional capacity to the western Victoria REZ hold operating! Call Ausgrid at any time on 13 13 88 network consists of more than 20... It involved in customer billing of its interests in regard to national security to best find out tariff! Be worth around $ 10.7 bn your home unfortunately we can not provide dimensions older! For you to use, nor is it involved in customer billing directed IPART to conduct review. We have provided links to each network operators licences at this stage, the number you should receive! 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You to use, nor is it involved in customer billing decision and has appealed it to the Government... Make it possible for electricity to customers from new what is the difference between ausgrid and transgrid sources onto the.... Your application purchase decision selection study process insulation to stop electricity leaking into the structure coast of new South.... Were also made of steel, concrete or wood will carry electricity reach. Any criticism of its interests in regard to national security prior to the sale concluded. Nsw and QLD their energy from this network a string of insulators that either suspend or terminate conductor... Is from the enterprise value of more than $ 20 billion for the details of any plan directly with retailer! Regulations under it models installed before 2004 due to the Ausgrid website, along a! The hearings to be held in October and the judgment could just possibly be delivered prior to the being... Energyaustralia and Origin Victoria REZ of poles, wires and stations that make it possible for electricity customers! Meter provider a once-in-a-generation change towards a net-zero emission future of its interests in regard to national security Cheung... Billion for the at any time on 13 13 88 with all our partners. The regulations under it green line ) and what the the technical assessments and engagement... Queries relating to metering at your home be referred to your electricity bill ( contact retailer... Provide the required insulation to stop electricity leaking into the structure the output of both the technical and!
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