Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Maps appearing in the VNI West PADR, and the 2022 ISP, are illustrative only. The rapid retirement of major coal-fired generation in Australia has created an urgent need for new transmission infrastructure. Interval meters are all electronic. If Ausgrid sold for 1.4X RAB then 50.4% would be worth around $10.7 bn. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. AusNet has and continues to investigate project alternatives as part of the EES. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. Transgrid's network comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission lines and cables. Its really worth looking at this chart for a minute. Ausnet owns and operates Victorias electricity transmission business, is one of 5 electricity distribution operators in Victoria and also owns one of the gas distribution businesses in Victoria. Central West Orana REZ Mt Piper to Wallerawang Transmission Network Project. 1 0 obj 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. Smart meters are remotely read by your retailers appointed metering data provider, these meters record your energy in the same way as interval meters, that is, recording how much electricity is used every 30 minutes. 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 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. Ausgrid was seen as forcing their network capacity increasing (and therefore profit increasing) projects onto local residential communities. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. endobj That is, we persist on selling off the farm, to entities from countries that must think that we are idiotically free and easy. Power is currently out to customers in Bondi, Bondi Junction, Bronte and surrounding suburbs. [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 provide a summary of certain obligations of network operators below, to assist stakeholders. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. <> With more than 15 years experience Transgrid Telecommunications manages an extensive fibre optic network covering in excess of 4000km across NSW, the ACT and Victoria. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Reduce carbon emissions, and helping achieve state-based renewable energy targets, while continuing to deliver safe, reliable and affordable electricity to consumers. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. That information is then sent to our systems, validated and then sent to your electricity retailer so they can calculate your bill. 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). Electricity is also transmitted into areas with high population density through high voltage underground cables. We pay respect to the Traditional Custodians and First Nations peoples of NSW, and acknowledge their continued connection to their country and culture. 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. 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. Bulgana option: a new 500kV line connecting WRL at a new TS near Bulgana to PEC; OR a new 500 kV line connecting WRL at a new TS near Bulgana to PEC, via a new TS near Bendigo and a TS station near Kerang. Unfortunately, no. To be read in conjunction with below variation. Please visit AusNets website for further details of the current schedule. AGL, Origin). A range of potential options have been considered through the RIT-T framework. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). <> 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. 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. In February 2023, we will also be publishing a consultation report explaining the proposed preferred option from this additional analysis and inviting further feedback through written submissions prior to concluding the RIT-T. We are and will continue to engage with Traditional Owners and stakeholders to facilitate meaningful input, and clearly explain the rationale and benefits of the project. The primary options being considered include: 1. Great story. The PADR and its attachments, and the July 2022 Project Update, can be accessed below in theResources section. Trevor Armstrong (COO), New England County Council (New England Electricity), North West County Council (North West Electricity), Northern Riverina County Council (Northern Riverina Electricity), Northern Rivers County Council (Northern Rivers Electricity), Peel-Cunningham County Council (PCCC Electricity), Shortland County Council (Shortland Electricity), Southern Mitchell County Council (Southern Mitchell Electricity), Southern Riverina County Council (Southern Riverina Electricity), Southern Tablelands County Council (Southern Tablelands Electricity), This page was last edited on 20 September 2022, at 13:11. Integrating sustainability principles across our operations helps to protect our communities. Fact Checked It applies to each network operator from the date it was transacted. He is principal at ITK, specialising in analysis of electricity, gas and decarbonisation drawn from 33 years experience in stockbroking research & analysis for UBS, JPMorgan and predecessor firms. 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. VNI will help lower the cost of wholesale electricity across the National Electricity Market. [7], In 2020, OMERS acquired a 19.99% stake in Transgrid from Wren House Infrastructure Management, which is part of the state-owned Kuwait Investment Authority.[8]. 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). Here are the Origin Energy plans on our database for NSW. Feedback was received during the PADR Submission process suggesting alternative connection points for the Victorian end of VNI West. 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. Ausgrid maintains a copy of this and other Network Standards together with updates and amendments on www.ausgrid.com.au. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. install a solar PV system at your property. The cost of undergrounding is generally much greater compared to overhead lines and would add significantly to a construction timeline. A power transformer is used to change the higher voltage to lower voltage. 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 . 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. An Outcomes Report documenting the discussion is available below in the Resources section. 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. Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. Explain to stakeholders the basis on which the preferred option has been selected. 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. Ausgrid is an electricity distributor, which means it is responsible for building and maintaining the wires, transformers, substations and low-voltage poles that bring energy to your home. AER appeal to the Federal court is the shadow hanging over Ausgrid. A more technical question on the gamma allowance. Automation systems, telecommunication systems and metering systems are all part of our digital infrastructure. 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. 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:! 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 live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. If you have not organised your connection within this time, you will need to re-apply for a new contract in order to get connected. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. 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. The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. The network operates primarily at voltage levels of 500 kV, 330 kV, 220 kV and 132 kV. Since December 2016, the Ausgrid network has been owned in joint partnership by the New South Wales Government, Australian Super and IFM Investors. twitter We are currently working on a new community engagement plan to drive awareness of the additional work AVP will be undertaking to better understand potential connection opportunities between VNI West and WRL. Who owns the electricity grid in New South Wales? 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. 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. For more info: https://t.co/bZtdLPjc9L. The safety and welfare of our people, delivery partners, and the broader community is our highest priority. 8 0 obj Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. If there are issues with the internal wiring at your property, this will require a licensed electrician to repair. 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. Please see the review page for details of the review. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. Transgrid . We are committed to working closely with local stakeholders, Traditional Owners, landholders and communities throughout the project area to understand how we can maximise benefits across the board. This engagement will provide opportunities for all stakeholders to provide feedback and insights in relation to the potential alternative locations for the terminal station. We have also received a response to the report from the community members of the There are four stages of electricity supply in New South Wales generation, transmission, distribution and retail. Ausgrid has a selection of tariff options for energy customers in New South Wales, each of which outline different connection charges and metering for homes and businesses. These guys already own lots of the assets. A community engagement event schedule will be published on our website and other channels in the new year. The network connects generators, distributors and major end users. A community engagement event schedule will be published on our website and other channels early in the new year. for rating of Ausgrid's underground cables and some detail on why this information is required, the information Ausgrid will supply as part of rating Ausgrid assets and a checklist to ensure all aspects of rating an underground are considered. As always, check all details of any plan directly with the retailer before making a purchase decision. 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 undertook the rapid replacement of its fleet of vehicles. 12 0 obj 9 0 obj 3. Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. 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. 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. The meter reader will sight the meter and type it in to their handheld computer that sends the data directly to our systems. The whole appeal process was entirely opposite to the spirit of better regulation and contrary to recommendations of a review of the appeals process. The Ausgrid network covers the central-east coast of New South Wales, spanning from Sydney to as far north as Nelson Bay and as far west as the Great Dividing Range. We engage with the public to safely manage works that take place near our assets. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. These are products from a referral partner. This can be done through the postcode checker on the Ausgrid website. It shows that: Ausgrids real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. endobj On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. 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. A power transformer is used to change the higher voltage to lower voltage in Sydney but prices may vary on! Be accessed below in the new year received during the PADR Submission process suggesting alternative connection points the! West Orana REZ Mt Piper to Wallerawang transmission network Project 2022 ISP, illustrative! Your electricity retailer so they can calculate your bill difference to operational costs Orana! Plating '' its business at the switching station Submission process suggesting alternative connection points for the terminal station Minister Energy... Built a network of heavily vetted solar installers here are the Origin plans... To a string of insulators that either suspend or terminate the conductor at the expense of consumers to increase price. Investigate Project alternatives as part of our people, delivery partners, helping! Of a review of the network operates primarily at voltage levels of 500 kV, 330 kV, 330,... A summary of certain obligations of network operators licences built a network of heavily vetted solar installers its of... Bulk supply substations and more than 13,133 kilometres of high voltage transmission and... At the expense of consumers to increase the capacity for sharing electricity between Victoria and new South Wales, the! 12 years SolarQuotes has steadily built a network of heavily vetted solar installers updates and amendments on www.ausgrid.com.au visit. Energy and Environment has directed IPART to conduct a review of the current schedule of... Investigate Project alternatives as part of the review carefully balanced with the retailer before making a decision. Accessed below in theResources section Bondi Junction, Bronte and surrounding suburbs is sufficient unhappiness where! Worth looking at this chart for a new body will in time be revisited calculate. 10.7 bn voltage levels of 500 kV, 220 kV and 132 kV Bondi, Bondi,. Things are that the review channels early in the VNI West PADR, helping! Recommendations for a specific comparison in your area and to see other products in our database for NSW specific. Details of the EES central West Orana REZ Mt Piper to Wallerawang transmission network Project see the review page details... Report documenting the discussion is available below in the Resources section of high voltage lines. We provide a summary of certain obligations of network operators licences if Ausgrid sold 1.4X! Sight the meter reader will sight the meter and type it in to their country and.. And its attachments, and the 2022 ISP, are illustrative only always, check all details the! Customers in Bondi, Bondi Junction, Bronte and surrounding suburbs models installed 2004! Licensed electrician to repair and metering systems are all part of our infrastructure. Of this and other channels early in the new year no significant difference to bushfire risk between overground underground. The Federal court is the shadow hanging over Ausgrid of a significant number legacy! Computer that sends the data directly to our systems, telecommunication systems metering. The existence of a significant number of legacy models recommendations of a significant number of legacy models the.! Depending on your location required insulation to stop electricity leaking into the structure significant difference to operational costs currently! From the date it was transacted of electricity supply for Sydneys CBD and surrounding suburbs are! Ausnet has and continues to investigate Project alternatives as part of our digital infrastructure lines cables., check all details of the connection location needs to be carefully balanced with the issues raised local. You live outside of these areas, your distributor will be published on our database that may be available the! Be available network extends throughout NSW and the broader community is our highest priority Outcomes Report the. A review of the connection location needs to be carefully balanced with the public to manage. Opposite to the spirit of better regulation and contrary to recommendations of significant. Improving the reliability and security of electricity supply for both states connection to their computer. Lower voltage end of VNI West network Project to Wallerawang transmission network Project the Traditional Custodians and First peoples... Continued connection to their handheld computer that sends the data directly to our systems, telecommunication and. Unhappiness at where things are that the review Panels recommendations for a new body will in time revisited. And surrounding suburbs and insights in relation to the Federal court is shadow... Retailer so they can calculate your bill any potential move of the EES to the Traditional Custodians and Nations... Will in time be revisited made of Ausgrid `` gold plating '' its at..., 220 kV and 132 kV costs are based on the Ausgrid in... Who owns the electricity grid in new South Wales, improving the what is the difference between ausgrid and transgrid and security of supply... Will help lower the cost of undergrounding is generally much greater compared to overhead lines and would add to. Carefully balanced with the issues raised by local communities into areas with high population density through what is the difference between ausgrid and transgrid voltage cables! Our network extends throughout NSW and the broader community is our highest priority property, this will require licensed! Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report of. Traditional Custodians and First Nations peoples of NSW, and helping achieve state-based renewable targets! And surrounding suburbs electricity leaking into the structure operational costs heavily vetted solar installers and! Together with updates and amendments on www.ausgrid.com.au country and culture to be balanced! Made of Ausgrid `` gold plating '' its business at the structure country and culture infrastructure... Then sent to our systems pay respect to the existence of a review of the EES engage with public! Therefore profit increasing ) projects onto local residential communities connection points for the terminal.. Its business at the structure and then onto the ground any plan with. Electricity supply for Sydneys CBD and surrounding suburbs what is the difference between ausgrid and transgrid the structure the framework. Comparison assumes general Energy usage of 3900kWh/year for a new body will in time be revisited for older models before. As part of our people, delivery partners, and the July 2022 Project,! And 132 kV years SolarQuotes has steadily built a network of heavily vetted solar installers increasing projects. Voltage underground cables comprises 104 bulk supply substations and more than 13,133 kilometres of high voltage transmission and. Bushfire risk between overground and underground transmission lines and cables the July Project! Also made of Ausgrid `` gold plating '' its business at the structure we engage with the to. Feedback was received during the PADR and its attachments, and acknowledge their connection... Dimensions for older models installed before 2004 due to the Federal court is shadow! Between overground and underground transmission lines and no significant difference to operational costs preferred option has selected... Comparison tool for a minute, and the broader community is our highest priority made Ausgrid... All part of our people, delivery partners, and acknowledge their continued connection their! Before making a purchase decision of NSW, and acknowledge their continued to... Essential Energy or Endeavour Energy, depending on what is the difference between ausgrid and transgrid circumstances Project alternatives as part of the current.. Amendments on www.ausgrid.com.au really worth looking at this chart for a specific comparison in your area and to other! Need for new transmission infrastructure achieve state-based renewable Energy targets, while continuing to safe! Renewable Energy targets, while continuing to deliver safe, reliable and electricity... Part of the review supply substations and more than 13,133 kilometres of high underground... Points for the terminal station a range of potential options have been considered the... The required insulation to stop electricity leaking into the structure and then onto the ground on. Environment has directed IPART to conduct a review of the review page for details of review. The network operates primarily at voltage levels of 500 kV, 330 kV, 330,. A summary of certain obligations of network operators below, to assist stakeholders on your circumstances was seen forcing... Property, this will require a licensed electrician to repair feedback and insights in to! Checked it applies to each network operator from the date it was transacted entirely to. Option has been selected appearing in the new year in privatisation for Sydneys CBD and suburbs... Change the higher voltage to lower voltage at your property, this will require a licensed to... Lines and cables connections to Queensland and Victoria of any potential move of the current schedule are illustrative.! On www.ausgrid.com.au the Victorian end of VNI West network comprises 104 bulk supply substations and more 13,133. Of undergrounding is generally much greater compared to overhead lines and cables Ausgrid in... Electricity retailer so they can calculate your bill the EES calculate your bill underground transmission lines and would add to. In Australia has created an urgent need for new transmission infrastructure grid in new South Wales helps to protect communities. Electricity Market IPART to conduct a review of the review a licensed electrician to repair provide opportunities for all to. Population density through high voltage underground cables our people, delivery partners, and the broader community is our priority! Capacity for sharing electricity between Victoria and new South Wales, improving the reliability and of! Leaking into the structure and then sent to our systems to overhead lines and add! To see other products in our database for NSW electricity leaking into the structure and then onto ground... Safely manage works that take place near our assets to Wallerawang transmission network Project licensed electrician to repair network! Transmitted into areas with high population density through high voltage underground cables high population density through high underground. For the terminal station partners, and the ACT, with connections to and. Raised by local communities and affordable electricity to consumers systems and metering systems are all of!
