what is the difference between ausgrid and transgrid

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. By leading the transition to a clean energy future, we aim to make a better power system for Australians. A consortium paid $10.4bn for 100% of Transgrid last year representing 1.6 X EV:RAB and FY15 EV:Ebitda of 16X. This work is part of the RIT-T framework for VNI West. Who owns the electricity grid in New South Wales? In 2015, the Government announced that Ausgrid, Endeavour Energy, and Transgrid would be fully or partially leased to private operators: - Transgrid was fully leased to private operators in December 2015 [1] It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company, along with the EnergyAustralia brand, was sold by the Government of New South Wales, and the remainder renamed Ausgrid. 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. Below we have listed some of the cheapest electricity prices in New South Wales on the Ausgrid network. delay: { hide: 300 }, As Ausgrid's standards are subject to ongoing review, the information contained in this document may be amended by Ausgrid at any time. [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%). Canstar Blue's website terms and conditions apply. The RIT-T assessment decision is expected in 2023. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. This ensures electricity is safely and reliably transmitted to major urban areas. 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. Transgrid runs over 13,000 kilometres of transmission wires in . You will also need to make an application to Ausgrid if you wish to install a solar PV system at your property. Since the 1950's, our network has developed to meet the growing needs of energy consumers. Learn about our other projects which secure ongoing supply for energy customers. 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. Some people occasionally get confused about the difference between distributors such as Ausgrid and . AusNet has and continues to investigate project alternatives as part of the EES. As always, check all details of any plan directly with the retailer before making a purchase decision. 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]. If you are looking to organise a new power connection, the first thing you will need to do is ensure the property is situated within the Ausgrid network. Try selling that to politicians or Joe Public. The licence is subject to additional conditions as provided for by the Electricity Supply Act 1995 and the regulations under it. We operate and manage the high voltage electricity transmission network in NSW and the ACT. 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. Like the Transgrid process before it, the State would retain the legal ownership of Ausgrid's network assets. The interconnector upgrade will boost interstate power flows and lower energy bills. Our Community Partnerships Program benefits areas where our assets are located or under development. To view submissions, visit the stakeholder consultation section on theAEMO project page. The views expressed are his own. Please note our new section,Energy Markets,which will include analysis from Leitch on the energy markets and broader energy issues. 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. Please see the review page for details of the review. 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. The actual route for any of the options has not yet been determined. We are currently consulting with Traditional Owners and communities that are potentially impacted by the alternative connection location of VNI West into WRL so we can be confident we understand all the local factors before making any decision. Waubra/Lexton option: a new 500kV line connecting WRL at a new terminal station (TS) near Waubra/Lexton to Project Energy Connect (PEC); plus, a potential variation of an additional 500kV spur to Bulgana (i.e. . 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. As always, check all details of any plan directly with the retailer before making a purchase decision. }); Some people occasionally get confused about the difference between distributors such as Ausgrid and retailers like AGL, EnergyAustralia or Origin Energy. Its really worth looking at this chart for a minute. Strengthening the grid to deliver affordable, reliable and clean energy to customers. In order to assess all network and non-network options from a technical and economic perspective, we are using the Australian Energy Regulators Regulatory Investment Test for Transmission (RIT-T). Should the project pass the RIT-T by demonstrating it would deliver the greatest net market benefits, it can progress to the next stage Initial Works - which include route identification, planning and approvals processes. Our engagement program to date and at this time, is to build confidence that the decision where best to connect VNI West into WRL has taken into account key technical, economic, social and environmental considerations to the extent possible at this RIT-T stage. Reduce carbon emissions, and helping achieve state-based renewable energy targets, while continuing to deliver safe, reliable and affordable electricity to consumers. On 11 August 2016 the Federal Government intervened to block the proposal, citing national security concerns regarding foreign ownership of critical infrastructure. 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. We have also received a response to the report from the community members of the In the National Energy Market, our operations are governed by a number of institutions. This includes a number of major urban areas such as Cronulla, Newcastle and the Hunter region. A community engagement event schedule will be published on our website and other channels in the new year. It is important to note that Ausgrid does not generate electricity for you to use, nor is it involved in customer billing. All rights reserved. Victoria New South Wales Interconnector (VNI West), is a proposed new high-capacity 500 kilovolt (kV) double-circuit overhead transmission line, providing a connection between the Western Renewables Link in Victoria and Project EnergyConnect in New South Wales. 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. 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. <> endobj The financial implications of any potential move of the connection location needs to be carefully balanced with the issues raised by local communities. 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. We pay respect to the Traditional Custodians and First Nations peoples of NSW, and acknowledge their continued connection to their country and culture. If you would like to register interest for future notifications of consultation, or read more about the project, please reach out to AVP and Transgrid through the contact details below. At this stage, the WRL EES will be submitted to the Victorian Government in early 2023. There is a lot at stake as evidenced by the legal bill. 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. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> And also note ourlive generation widget,and theAPVI solar contribution. A lot of work is currently underway to understand the specific land use and community issues for each of the potential connection points to inform that decision. We are also working with AusNet as investigations are underway into alternative locations for VNI West connections and its potential impact on WRL. Integrating sustainability principles across our operations helps to protect our communities. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. 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. The structures are either steel towers or poles made of steel, concrete or wood. It applies to each network operator from the date it was transacted. If you are in these areas and would like to know more, please email info@westernrenewableslink.com.au or call 1300 360 795. We understand the importance of building social licence for transmission projects through the RIT-T process and we are committed to working closely with communities to understand unique, local issues, and consider these issues as early as possible. Transmission reliability and performance standard -applicable from 1 July 2018. He was formerly a Utility Analyst for leading investment banks over the past 30 years. endobj Unfortunately, no. Due to these timeframes, and the long lead times of transmission projects, AEMO Victorian Planning (AVP) and Transgrid (the network planner in New South Wales) are progressing a joint RIT-T for VNI West, and endeavouring to complete this process in early 2023. Each conductor is connected to a string of insulators that either suspend or terminate the conductor at the structure. Having read the AERs grounds for appeal, we think it would be very foolish to write off the chances of the appeal succeeding. <> Promoting diversity and inclusion is a key component of our sponsorship program. 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. 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. The final, detailed route alignment would be the output of both the technical assessments and stakeholder engagement throughout the route selection study process. %PDF-1.5 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. A community engagement event schedule will be published on our website and other channels in the new year. AVP and Transgrid also support the Energy Charters work in developing social licence guidelines for co-existence of transmission infrastructure and agriculture in an attempt to mitigate negative impacts and prioritise the need for shared values through the energy transition. 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. You can also contact this distributor to request a pole inspection, tree trimming or to receive historic data from your meter. 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. Electro-mechanical accumulation meters have two different types of displays a dial display or a cyclometer display. 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:! A new 500kV transmission line will carry electricity to customers from new generation sources. 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. title: "" SGC was likely to have paid a higher price than anyone else. The Act project alternatives as part of the appeal succeeding also need make! Be the output of both the technical assessments and stakeholder engagement throughout the route selection study.! 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