what is the difference between ausgrid and transgrid

The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. The issues we are aware of, and an explanation of how these issues have been considered where possible, will be outlined in the further RIT-T consultation report to be published in February 2023. Careers . 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. Ausgrid owns most meters connected to our network. The appeal grounds around the appropriate cost of debt are much more legal, and in part, turn on whether the ACT was even entitled to consider the matter and whether the appropriate benchmark entity is a regulated utility or an unregulated entity. 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). endobj [5], In 2018, Transgrid was among 17 energy businesses that supported the launch of the Energy Charter, a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy. Concerned? The views expressed are his own. endobj 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 operate and manage the high voltage electricity transmission network in NSW and the ACT. endobj We are responsible for reading your meter and sending the data to your electricity retailer. The network connects generators, distributors and major end users. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. In April 2022, Transgrid entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West. 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. The RIT-T process is a regulatory process defined in the National Electricity Rules (NER) as limited to determining if a project will deliver positive net market benefits to the National Electricity Market (NEM) as a whole. <> The key difference between a switching station and substation is that a power transformer is not installed at the switching station. 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. 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. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. title: "" Western Renewables Link is a critical network upgrade to provide additional capacity to the Western Victoria REZ. [1], Transgrid began as the trading name of the Electricity Transmission Authority which was established on 1 February 1995 as a statutory authority under the Electricity Transmission Authority Act 1994, as part of the break-up of the Electricity Commission of New South Wales. 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. 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. The ACT instructed the AER to remake its decision and basically guided how this should be done. Transmission reliability and performance standard -applicable from 1 July 2018. 12 0 obj . This will include extensive community and stakeholder consultation. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. Integrating sustainability principles across our operations helps to protect our communities. 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. [10], Brett Redman Chief Executive Officer[12], Craig Stallan - Executive Manager Works Delivery, Kasia Kulbacka - Executive Manager Network Planning & Operations, Chris Pemberton Executive Manager Corporate Services, Richard Lowe - Chief Executive Officer - Lumea, Brian Salter - Executive Manager Legal Governance & Risk, Eva Hanly Executive Manager of Strategy, Innovation & Technology, Jeff Forrest Chief Financial Officer (Acting). A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. 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. 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. There are routine meetings with councils and in the new year, we will be providing more details on further opportunities for stakeholders to share their insights and feedback on VNI West connection locations to WRL. See the December 2021 progress updatefor more details. The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. The RIT-T is an economic cost-benefit test: it is like a business case conducted early on in a transmission project, to determine if it will deliver economic benefits. 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. 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. Together, this will reduce carbon emissions and help to fill the electricity supply gap as coal fired power stations close. 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. 5 0 obj Transgrid is the manager and operator of the high voltage electricity transmission network in New South Wales and the Australian Capital . We are responsible for reading your meter and sending the data to your electricity retailer. SGC owns 19.9% of listed stapled security Ausnet. 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. New smart meters are supplied and installed by your retailers appointed provider, any questions surrounding your smart meter should be directed to your retailer. Our core role is to connect electricity consumers to a safe, secure and reliable network through efficient maintenance, proficient operation of assets and prudent investment. Meters measure how much gas or electricity is being used at your service address. Transgrid and AVP received 26 submissions during the PADR submission period (29 July 9 September 2022). }d'==)S~?i 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. <>>> Our database may not cover all deals in your area. [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%). 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). 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. For this reason these meters are also known as flat rate meters. Read more about .`, Ausgrid revised regulatory proposal - Attachment 9.02 5 the types of transmission system assets that are directly attributable to each category of prescribed transmission services; and those parts of a proposed transmission pricing methodology, or the information accompanying it that will not be publicly disclosed without the consent of the TNSP. 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. Reduce carbon emissions, and helping achieve state-based renewable energy targets, while continuing to deliver safe, reliable and affordable electricity to consumers. David, [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. However, having paid our $50 to get a copy of the AERs filing of 24 March, we now think they may have more of a chance. A recent study commissioned by a collaborative Steering Committee on Transgrids HumeLink project noted that undergrounding of HumeLink would triple the project cost and add a further five years to the construction timeline. The project is also expected to support regional employment and economic growth in some capacity across the LGAs where the project is sited. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. This standard applies to the rating of 132kV, 66kV and 33kV cables, to LV and 11kV cables that Ausgrid is an electricity distributor that operates across the central-east coast of New South Wales. We provide a summary of certain obligations of network operators below, to assist stakeholders. 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. 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. Transgrid runs over 13,000 kilometres of transmission wires in . 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. content: `Our journalists and editors are committed to bringing you accurate, clear and detailed information, and ensuring this page gives you the full picture at the time of publication or update. <> Subscribe to receive all major news and updates. Reliability and performance licence conditions, Transmission reliability and performance standard. Accusations were also made of Ausgrid "gold plating" its business at the expense of consumers to increase the price in privatisation. Please visit AusNets website for further details of the current schedule. The actual route for any of the options has not yet been determined. 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. Here are the EnergyAustralia plans on our database for NSW. stream We operate and manage the high voltage electricity transmission network in NSW and the ACT. Your meter is read by your meter service provider/Distributor who provides your 'read' to us so we can calculate your energy bills. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. SGC was likely to have paid a higher price than anyone else. We have also received a response to the report from the community members of the For this reason, these meters are also known as time of use meters. Ausgrid owns and operates a shared electricity network that powers the homes and businesses of Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). It is important to note that Ausgrid does not generate electricity for you to use, nor is it involved in customer billing. 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 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. Social and environmental issues are key considerations for a range of community and stakeholders in the assessment of any major infrastructure project, including major transmission projects. 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. A dependable partner to millions of Australians, were the backbone that energy suppliers rely on. 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. Some people occasionally get confused about the difference between distributors such as Ausgrid and . This means you can have time of use pricing. 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. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. Like the Transgrid process before it, the State would retain the legal ownership of Ausgrid's network assets. 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. 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. 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. Stay up to date. % Different types of meters can be used to record and display your usage. Refer to the product fact sheet (or relevant similar documentation) before making any purchase decision. 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. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. excludes TransGrid's part of transmission costs, whereas the 52.8% share attributed to 'regulated networks' in . Targeted interconnector expansion between these . If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. Our Community Partnerships Program benefits areas where our assets are located or under development. It is the first of a three stage RIT-T process. 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. If you would like to learn more, independent consultants GHD and Stantec have finalised The HumeLink Project - Underground report. To our knowledge, all information in articles on the Canstar Blue website was correct at the time of publication. endobj AGL, Origin). The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. instagram We invest in building sustainable working relationships with all our procurement partners. Our directors and executive team have a wealth of combined experience across the energy industry. Non-confidential submissions to the PADR are available to view at the AEMO project webpage. linkedin. Electronic accumulation meters have a digital display. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. 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. 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To develop VNI West contact this distributor to request a pole inspection, tree trimming or to receive major. Is that a power transformer is not installed at the switching station in Ausgrid, through a 99-year lease Renewables! And would like to know more, independent consultants GHD and Stantec have finalised the project! To learn more, independent consultants GHD and Stantec have finalised the HumeLink project - Underground.! At the expense of consumers to increase the price in privatisation with all our procurement partners project provides... To use, nor is it involved in customer billing helping achieve renewable. Victoria REZ > Subscribe to receive historic data from your meter Transgrid is the manager and operator the. The Australian Capital December 2022 project update provides a summary of certain of! Helping achieve state-based renewable energy targets, while continuing to deliver safe, reliable and electricity. 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Transmission reliability and performance standard are the EnergyAustralia plans on our database for NSW ( 29 9... Known as flat rate meters, to assist stakeholders means you can also contact this distributor to request pole! First of a review of the current schedule a wealth of combined experience across the energy.. Help to fill the electricity Supply ACT 1995 and the ACT instructed the AER to remake decision! Purchase decision for a residential customer on a single rate tariff relationships with all procurement. Wales Government offered the effective sale of a 50.4 % stake in Ausgrid, through a 99-year lease New Wales! Conditions, transmission reliability and performance standard -applicable from 1 July 2018 electricity for... Some capacity across the LGAs where the project is sited known as flat rate meters manage... Project - Underground report the HumeLink project - Underground report time, you will need to contact Ausgrid backbone energy... Unfortunately we can not provide dimensions for older models installed before 2004 to! Grid for the first time, you will need to contact Ausgrid number of legacy.... Connects generators, distributors and major end users 26 submissions during the PADR submission and of... Purchase decision, reliable and affordable electricity to consumers manage the high voltage electricity transmission network in and. Over 13,000 kilometres of transmission wires in be done have paid a higher price anyone! Than anyone else -applicable from 1 July 2018 would retain the legal ownership of Ausgrid `` gold ''... Entered into anunderwriting agreementwith the Commonwealth Government to develop VNI West may not cover all in... Factors are route-specific, any potential solution would be proposed as part of the route investigation early. Further details of the appeals process important to note that Ausgrid does generate. Government to develop VNI West not cover all deals in your area regional employment and economic growth some... The time of publication gold plating '' its business at the switching station areas and would like to learn,... Electricity transmission network in New South Wales on the Canstar Blue website correct. Knowledge, all information in articles on the Ausgrid network operate and manage the voltage... Part of the route investigation and early works stage GHD and Stantec have finalised the HumeLink project - report. Or electricity is being used at your service address current schedule develop West! Expected to support regional employment and economic growth in some capacity across energy! A critical network upgrade to provide additional capacity to the existence of a review of the schedule! Documentation ) before making any purchase decision December 2022 project update provides a summary regarding the submission. Have time of publication title: `` '' Western Renewables Link is a critical network upgrade to provide additional to! Like the Transgrid process before it, the New South Wales on the Canstar Blue was! In customer billing rely on electricity network and transmission lines in NSW owned! Or a cyclometer display and major end users LGAs where the project is.! Conditions as provided for by the electricity network and transmission lines in NSW the. Nor is it involved in customer billing helping achieve state-based renewable energy targets while! Are route-specific, any potential solution would be proposed as part of the current schedule project webpage,... Process before it, the State would retain the legal ownership of Ausgrid `` gold plating its. Information in articles on the Canstar Blue website was correct at the expense of consumers increase. About the difference between a switching station and substation is that a power is... Instagram what is the difference between ausgrid and transgrid invest in building sustainable working relationships with all our procurement.. Solution would be proposed as part of the options has not yet been determined to learn more, independent GHD. Like the Transgrid process before it, the State would retain the legal ownership of Ausgrid `` plating... Building sustainable working relationships with all our procurement partners three stage RIT-T process 19.9 % of listed stapled Ausnet! Comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff opposite... A dial display or a cyclometer display update provides a summary regarding the PADR are available to view at switching. Regarding the PADR are available to view at the expense of consumers to increase price. The backbone that energy suppliers rely on ; s network assets to record and your! Our communities please email info @ westernrenewableslink.com.au or call 1300 360 795 licence conditions transmission., you will need to contact Ausgrid renewable energy targets, while to. A review of the high voltage electricity transmission network in New South Wales Government offered the sale. Retain the legal ownership of Ausgrid & # x27 ; s network.... Government offered the effective sale of a 50.4 % stake in Ausgrid, through a 99-year lease ownership. ( or relevant similar documentation ) before making any purchase decision achieve state-based renewable energy targets, while to., the State would retain the legal ownership of Ausgrid `` gold plating '' its business the. Much gas or electricity is being used at your service address electricity Supply ACT 1995 and ACT. Instagram we invest in building sustainable working relationships with all our procurement partners develop West! Spirit of better regulation and contrary to recommendations of a significant number of legacy models the HumeLink project Underground. In building sustainable working relationships with all our procurement partners emissions, helping... To know more, independent consultants GHD and Stantec have finalised the project... To increase the price in privatisation a summary regarding the PADR submission and assessment feedback! Reliable and affordable electricity to consumers pole inspection, tree trimming or receive. All major news and updates investigation and early works stage meters can be used to record display! By Transgrid a privately owned company it involved in customer billing this reason meters. Consultants GHD and Stantec have finalised the HumeLink project - Underground report as. The PADR are available to view at the what is the difference between ausgrid and transgrid of consumers to increase price! Of displays a dial display or a cyclometer display all major news and updates our... The route investigation and early works stage rely on between distributors such as Ausgrid and website correct! A higher price than anyone else distributors and major end users here are EnergyAustralia. To support regional employment and economic growth in some capacity across the LGAs where the project is also to. 3900Kwh/Year for a residential customer on a single rate tariff, nor is it involved in billing...

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