The network consists of more than 49,000 kilometres of overhead and underground powerlines, with more than 31,000 distribution substations. Jemena was recently allowed to win, a very out of the money, bid to build a pipe to bring gas from the Northern Territory to Eastern Australia. You can also contact the Transgrid team in NSW via VNIW@transgrid.com.au or the AEMO team in Victoria via VNIWestRITT@aemo.com.au. title: "" 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. <>>> VNI West PADR options: with a potential uprating to 500kV for the WRL Mount Prospect to Bulgana section, 2. 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. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. The statutory obligations relevant to network operators and our role as the regulator are governed by a number of regulatory instruments. This includes gathering Traditional Owners, Registered Aboriginal Parties, community and stakeholder feedback and land surveys. Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session. He was formerly a Utility Analyst for leading investment banks over the past 30 years. The whole appeal process was entirely opposite to the spirit of better regulation and contrary to recommendations of a review of the appeals process. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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. Having read the AERs grounds for appeal, we think it would be very foolish to write off the chances of the appeal succeeding. stream These are products from a referral partner. 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. }d'==)S~?i AVP and Transgrid are currentlyinvestigating alternative connection points into WRL, looking at an areas around Waubra/Lexton and Bulgana. 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. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. A route selection study would follow conclusion of the project being endorsed by the RIT-T process, and is most likely to be progressed within the context of an EES (in Victoria) and an Environmental Impact Statement (in New South Wales). Its really worth looking at this chart for a minute. Our Community Partnerships Program benefits areas where our assets are located or under development. VNI West will harness cleaner, cheaper electricity from existing and future renewable energy zones in New South Wales and Victoria, significantly boosting the ability to share energy between states and unlock the full potential of Snowy 2.0s deep energy storage. trigger: "onclick hover", Learn moreabout this change. placement: 'auto', This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. This is why we are taking this step of consulting with potentially impacted communities so we can be confident we understand all the local factors before making any decision. 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. Any concerns with your energy bill should be addressed to your electricity retailer, not Ausgrid. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. . AusNet has and continues to investigate project alternatives as part of the EES. Route selection will be finalised after the regulatory test for this project is completed, and in close consultation with stakeholders and communities. 5 0 obj Promoting diversity and inclusion is a key component of our sponsorship program. Transgrid operates and manages the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. <>/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 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). How good are these numbers? The structures are either steel towers or poles made of steel, concrete or wood. 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. <> The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. We are responsible for reading your meter and sending the data to your electricity retailer. 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. As Ausgrid's standards are subject to ongoing review, the information contained in this document may be amended by Ausgrid at any time. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of With a future with diminishing mineral resource extraction, and the best arable land being progressively sterilised by a variety of impacts (urban sprawl, land degradation (erosion, salinisation, acidification)), and more mouths to feed because of the rapacious demands of developers and other pro-immigration scammers, there seems little opportunity to reel in this dire situation without severely reducing our expectations in resource consumption (ie, living standards). 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. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. Tax efficiency is enhanced by significantly overgearing the assets. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. [5] The consortium consists of two Australian entitiesSpark Infrastructure (15%), the Utilities Trust of Australia fund (20%) together with the Canadian pension fund Caisse de depot et placement du Quebec (25%) and two Middle Eastern sovereign wealth fundsthe Abu Dhabi Investment Authority (20%) and the Kuwait Investment Authority (20%). We have never heard any criticism of its interests in regard to national security. 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. And here we have just one more egregious example of how a financially out-of-control country responds to its massive foreign debt; we just keep converting debt into equity. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. VNI West will provide a vital new transmission line to link new renewable generators with the grid and ensure reliable, affordable power as Australia transitions to clean, low-cost renewables. If the income from a trust is fully distributed it is taxed in the hands of the recipient at their tax rate. In response, AVP and Transgrid are investigating alternative locations in the Waubra/Lexton or Bulgana areas for connection of VNI West, which would still run via a terminal station in the area of Kerang. The project team is currently considering feedback received as inputs to the Project Assessment Conclusions Report (PACR). Licence granted to the Ausgrid Operator Partnership, Licence - to be read in conjunction with the below variations, Minister's variation - Signed by the Minister on 4 December 2017, Minister's variation - Signed by the Minister on 5 February 2019, Minister's variation - Signed by the Minister on 23 September 2022. [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]. endobj 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. The PACR, including responses to feedback received, will be published in 2023. 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. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. 4 0 obj 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. With multiple tariffs on the Ausgrid network, there is an exhaustive list of pricing information. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. While you should only need to contact Ausgrid on rare occasions, it is worth keeping these numbers handy just in case you spot a fallen power line or anything goes wrong with your power supply. VNI West is a core component and priority project in the AEMOs 2022 ISP, which confirms the need for short- and longer-term investment to increase the transfer capacity between the states and it will provide a unique opportunity to deliver transmission infrastructure that supports new private sector investment in Clean Energy. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This will provide meaningful opportunity for stakeholder and community engagement on values, opportunities and constraints before a final decision on connection location is made at the time the RIT-T is concluded, and the Project Assessment Conclusions Report (PACR) is published. 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. Below we have listed some of the important information about Ausgrid. Affected residents groups from the suburbs of Leichhardt,[5] Penshurst[6][7] and East Lindfield[8][9] protested against proposed electricity infrastructure[10] being installed in front of their residential homes without proper consultation or response to complaints by the community. So right there we can see $2 bn going away. 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. These guys already own lots of the assets. . Copyright 2023 Canstar Blue Pty Ltd ACN 142 285 434 All Rights Reserved, facebook % 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). 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. At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. endobj David, Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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. Any faulty or fallen powerlines spotted on the central-east coast of NSW should also be raised with Ausgrid. The residents, after many urgent appeals to Ausgrid's COO Trevor Armstrong and the chairman Roger Massey-Green, had been given no other option to notify local MP's, the media, the Environmental Protection Authority and other authorities to get action against Ausgrid. 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. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. Each meter records and displays the information differently. We also note in Victoria, through the proposed Victorian Transmission Investment Framework (VTIF) currently under consultation, VicGrid is aiming to deliver social and economic benefits in ways that are fair, meaningful and participatory. Concerned? container:'body', Ausgrid, Evoenergy, and Essential Energy. 8 Ausgrid, Ausgrid submission to the TransGrid 2018-23 determination, . . The key difference between a switching station and substation is that a power transformer is not installed at the switching station. @ Copyright RenewEconomy 2020. We are currently consulting with communities that may be 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. We are also working with AusNet as investigations are underway into alternative locations for VNI West connections and its potential impact on WRL. AVP and Transgrid are committed to working with stakeholders and communities from an early stage in the RIT-T process to build our understanding of the local context, listen to interests or concerns, and use that information to help to refine transmission line route options. See $ 2 bn going away: 'body ', Ausgrid submission to the of... Concerns with your Energy bill should be addressed to your electricity retailer, not.... Regard to national security of its interests in regard to national security or the AEMO in. These factors are route-specific, any potential solution would be proposed as part the. Anunderwriting agreementwith the Commonwealth Government to develop VNI West connections and its impact... Responses to feedback received, will be published in 2023 exhaustive list of pricing information chances of the..: `` onclick hover '', Learn moreabout this change and contrary to recommendations of a review of important. 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