what is the difference between ausgrid and transgrid

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:! }); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. The primary options being considered include: 1. youtube 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). 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. 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. The Review of limited merits appealconcluded: The Panel therefore recommends that a new, wholly administrative, review body, provisionally labelled the Australian Energy Appeals Authority (AEAA), take over all, or the great bulk of, energy sector review work currently undertaken by the ACT, and in particular that the AEAA take over review of NSP revenue/price determinations. (See p5 of document). The RIT-T is a formal consultation process designed to: The RIT-T consultation process has three stages: Submissions on theProject Specification Consultation Reportclosed on 13 March 2020. <> If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. How good are these numbers? However, if a decision is made to connect VNI West to an alternative WRL terminal station location, the submission of the WRL Environment Effect Statement may be further delayed. AVP and Transgrid have already commenced engagement with a number of Traditional Owner groups and other key regional stakeholders, including councils and community groups through the RIT-T process to build understanding of unique, local issues. The Minister for Energy and Environment has directed IPART to conduct a review of the network operators licences. Switching stations are used to provide greater control of the electricity at particular points in the network. Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). trigger: "onclick hover", A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. You can find the meter dimensions listed below. Integrating sustainability principles across our operations helps to protect our communities. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that Who owns the electricity grid in New South Wales? Over the last 12 years SolarQuotes has steadily built a network of heavily vetted solar installers. The proposed expansion will address transmission network limitations. The difference per year between what Ausgrid wanted going forward (green line) and what the . 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 comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. If you live on the central-east coast of New South Wales, your electricity distributor will be Ausgrid. 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]. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. 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 and industry. If you lose power, the first thing you should do is use your mobile to look at the Ausgrid website and check whether they are already aware of the issue. Route selection will be finalised after the regulatory test for this project is completed, and in close consultation with stakeholders and communities. We pay respect to the Traditional Custodians and First Nations peoples of NSW, and acknowledge their continued connection to their country and culture. Maps appearing in the VNI West PADR, and the 2022 ISP, are illustrative only. Our work to assess other potential locations is the result of this consultation process, and engagement with key local community representatives in the regions that may ultimately host the VNI West transmission lines. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. We operate and manage the high voltage electricity transmission network in NSW and the ACT. To determine a route, a detailed route selection study that considers all technical, environmental, social and Cultural Heritage constraints and opportunities will be undertaken. 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. 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. 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. <> 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. Ausgrid owns most meters connected to our network. Here are the EnergyAustralia plans on our database for NSW. In general investment banking analysts were critical of the price paid although the SKI share price has held up well. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. Since the 1950's, our network has developed to meet the growing needs of energy consumers. There are typically three different types of meters. AusNet has and continues to investigate project alternatives as part of the EES. These are products from a referral partner. Automation systems enable us to exert control in any part of the network and to enable communication between substations or switching stations and our control centre. 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. We recognise the vital role that stakeholders, including Traditional Owners, community and landowners, have in the planning and delivery of major transmission infrastructure projects. We have also received a response to the report from the community members of the 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. 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 page was written and is regularly updated by Canstar Blues energy content producer, Kelseigh Wrigley. It is important to note that Ausgrid does not generate electricity for you to use, nor is it involved in customer billing. 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. All networks operators with assets in NSW are subject to at least some provisions of the following instruments: Electricity Supply (General) Regulation 2014, Electricity Supply (Safety and Network Management) Regulation 2014. See the December 2021 progress updatefor more details. % 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 Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. Transgrid has signed on as major Platinum Partner of Moama Lights - Lighting up the Murray, which is an initiative of the Murray River Council. Transgrid and AVP recently held online information sessions on 10 August 2022 and 25 August 2022 to provide an overview of the VNI West PADR. 3 0 obj 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. placement: 'auto', This information may have changed over time. [3], In December 2015, a consortium called NSW Electricity Networks was the successful bidder for a 99-year lease of Transgrid's transmission network[4] for $10.3 billion. endobj So right there we can see $2 bn going away. We need to progress VNI West urgently so that it is operational by the time its most needed. Whether the AER was entitled to calculate interest rate revenue allowances in the way it did (using a ten year forward looking moving average). It is possible that conflict may exist between standard documents. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. As always, check all details of any plan directly with the retailer before making a purchase decision. The AFR reported, via the usually impeccably reliable Street talk column that SGC was expected to bid over $13 bn for the stake. Ausgrid has received numerous complaints and requests for better stakeholder management and consultation of the local community. We have provided links to each network operator's licence (and any subsequent variations) below. The Ausgrid network covers over 22,000 square kilometres, spanning from Sydney to the Great Dividing Range. To connect your home or business to the electricity grid, If you find any electricity faults that are not related to the network, To report a safety concern such as a fallen powerline, To discuss changing energy plans or retailers, To get permission to relocate network assets (i.e. The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. ESCO Pacific on track to achieve 1GW development goal, A unique mix of opportunities and challenges for solar energy, How this Aussie-made technology is smashing the solar ceiling, ACT claims highest home battery density in Australia, as rebate scheme winds up, Jinko Solar unveils second generation Tiger Neo solar panels, Polestar EV battery packs now powering Candela electric hydrofoil boats, Used Tesla listings reach all-time high in Australia as price cuts take effect, Hertz and Uber ramp up electrification efforts in Europe with 25,000 EVs. endobj These are products from a referral partner. We invest in building sustainable working relationships with all our procurement partners. 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. The route, design and location of any new infrastructure required to deliver VNI West has not been determined.Once AVP and Transgrid have determined in the PACR where best to connect VNI West into WRL, this will establish a broad area of interest that will subsequently be narrowed down to a corridor, and then a specific route, through further detailed assessment and planning as part of Initial Work activities. upgrade WRL from near Waubra to Bulgana). 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. VNI will help lower the cost of wholesale electricity across the National Electricity Market. $("#scpopover_282170").popover({ Fact Checked Alternatively, you can call Ausgrid at any time on 13 13 88. Implementing our Reconciliation Action Plan contributes to creating a more equitable future. On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. 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. Not all network operators are subject to the same obligations. Like the Transgrid process before it, the State would retain the legal ownership of Ausgrid's network assets. This differs from the enterprise value of more than $20 billion for the . It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. Powering Sydney's Future secures the electricity supply for Sydneys CBD and surrounding suburbs. But this was not adopted by the SCER and we have ended up with the dogs breakfast served up by the appeal outcome. - Ausgrid was partially leased (50.4%) to private operators in December 2016, and Transmission reliability and performance standard -applicable from 1 July 2018. The rapid retirement of major coal-fired generation in Australia has created an urgent need for new transmission infrastructure. 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. All network operators with assets in NSW must be aware of and fully comply with all their legal obligations. 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. 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. 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. Integrating sustainability principles across our operations helps to protect our communities. 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. The interconnector upgrade will boost interstate power flows and lower energy bills. Strengthening the grid to deliver affordable, reliable and clean energy to customers. Reliability and performance licence conditions - SUPERSEDED, Licence granted to the NSW Electricity Networks Operations Pty Limited, Minister's variation Signed by the Minister on 29 November 2017. Ausgrid services more than 1.7 million homes and businesses on the NSW central-east coast. In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. That information is then sent to our systems, validated and then sent to your electricity retailer so they can calculate your bill. 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. 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). . Ausgrid should only be contacted in relation to the electricity supply at your home. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. 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. 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. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. The insulators provide the required insulation to stop electricity leaking into the structure and then onto the ground. Residents on the Ausgrid energy network should generally be able to choose their own electricity provider. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). Great story. 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. A community engagement event schedule will be published on our website and other channels in the new year. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. 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. Australia is undergoing a once-in-a-generation change towards a net-zero emission future. endobj 3. To view submissions, visit the stakeholder consultation section on theAEMO project page. We have rigorously tested TransGrid's forecast costs to check . It is mainly responsible for maintaining the network of poles, wires and stations that make it possible for electricity to reach your home. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. 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. JFIF JExif MM * 2 :( XICC_PROFILE HLino mntrRGB XYZ 1 acspMSFT IEC sRGB -HP cprt P 3desc lwtpt bkpt rXYZ gXYZ , bXYZ @ dmnd T pdmdd vued L view $lumi meas $tech 0 rTRC. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. 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. Our directors and executive team have a wealth of combined experience across the energy industry. These are products from a referral partner. SGC owns 19.9% of listed stapled security Ausnet. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. difference to bushfire risk between overground and underground transmission lines and no significant difference to operational costs. Can I choose a different energy distributor other than Ausgrid? We are responsible for reading your meter and sending the data to your electricity retailer. 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. 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. 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. Transgrids recent commitment to the Project Energy Connect enhanced 500 kV investment between Dinawan and Wagga, which has been supported by the Federal Government, the announced earlier closure date of Yallourn Power Station, EnergyAustralias announced Jeeralang Battery in Victoria, Inform stakeholders of the investment need and proposed optionsto address it, Test the market for alternative and more efficient solutions. 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. WRL is in the preparatory stage of the Environment Effects Statement (EES) and is therefore yet to receive the required environmental and planning approvals. A new 500kV transmission line will carry electricity to customers from new generation sources. Ausgrid has a live feed ofpower outages available on its website, along with a map that indicates where these outages are. 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. Copyright 2023 Canstar Blue Pty Ltd ACN 142 285 434 All Rights Reserved, facebook The safety and welfare of our people, delivery partners, and the broader community is our highest priority. 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. SKI owns 15% of the consortium. endobj EnergyConnect is a critical project that will lower power bills for homes and businesses. Since the 1950's, our network has developed to meet the growing needs of energy consumers. Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. 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. Whether benchmarking is an appropriate method for estimating allowable costs for Ausgrid and whether the AER used benchmarking in an appropriate way to produce an appropriate outcome. Some people occasionally get confused about the difference between distributors such as Ausgrid and . These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. The electricity network and transmission lines in NSW are owned by Transgrid - a privately owned company. 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). 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. For more info: https://t.co/bZtdLPjc9L. In the National Energy Market, our operations are governed by a number of institutions. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. Ausgrid's real revenues increased 150% between 2005 and 2012 and increased 66% between 2010 and 2013. We have provided links to each network operators licence (and any subsequent variations) below. These guys already own lots of the assets. Key learnings from previous projects are also informing the development of consultation plans. The actual route for any of the options has not yet been determined. On Thursday, the Australian Government, announced that neither State Grid of China nor Cheung Kong Infrastructure would be allowed to bid for the 50.4 per cent of Ausgrid that the State Govt of NSW is selling unless they could address certain concerns. Power is currently out to customers in Bondi, Bondi Junction, Bronte and surrounding suburbs. While visual amenity impacts and bushfire risk are reduced, undergrounding raises its own suite of issues: for example, disturbance to flora and fauna, and archaeological sites, and increased impact on land use (the land above an underground power line may not be able to be used for some farming activity). 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. 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. power poles) to undertake work on your property, To enquire about your electricity bill (contact your retailer e.g. The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and emerging. . By leading the transition to a clean energy future, we aim to make a better power system for Australians. endobj We engage with the public to safely manage works that take place near our assets. 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. I am hoping that the aer wins the appeal. title: "" Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. container:'body', 4 0 obj Transgrids 2021 Transmission Annual Planning Report and AEMOs 2021 Victorian Annual Planning Report have identified the need for additional interconnection to maintain Victorias supply reliability following the withdrawal of further coal-fired generation plants, and EnergyAustralias official advice that the Yallourn Power Station is expected to retire in mid-2028. [5] State Grid Corporation of China was one of the other bidders, in a consortium with Macquarie Infrastructure Real Assets. 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. 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.

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