what is the difference between ausgrid and transgrid

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what is the difference between ausgrid and transgrid

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]. Ausgrid services more than 1.7 million homes and businesses on the NSW central-east coast. This means you can have time of use pricing. 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. The whole appeal process was entirely opposite to the spirit of better regulation and contrary to recommendations of a review of the appeals process. @ Copyright RenewEconomy 2020. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. 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. This means that Ausgrid is the distribution network for households and businesses in Cronulla, Newcastle, the Hunter region, Nelson Bay and parts of Sydney. For information regarding the other functions and services provided by smart meters, please contact your retailer. It is the first of a three stage RIT-T process. It consists of a structure supporting conductors in the air, which are located at a safe distance from the ground. This differs from the enterprise value of more than $20 billion for the . We have provided links to each network operator's licence (and any subsequent variations) below. Private landowners are compensated for hosting the easement in accordance with the NSW Governments Land Acquisition. 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. Maps appearing in the VNI West PADR, and the 2022 ISP, are illustrative only. Transgrid runs over 13,000 kilometres of transmission wires in . stream 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. Thats why in this article, we are going to explain what Ausgrid does and when you may need to contact the company. VNI will help lower the cost of wholesale electricity across the National Electricity Market. While undergrounding the entirety of VNI West is not viewed as a realistic option given the cost and timeframe implications, short sections of undergrounding might be considered in exceptional circumstances as part of the ultimate route design. Since the 1950's, our network has developed to meet the growing needs of energy consumers. 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. The matters that can and cannot be considered are set out in RIT-T application guidelines developed by the Australian Energy Regulator (AER). We have never heard any criticism of its interests in regard to national security. 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. A December 2022 project update provides a summary regarding the PADR submission and assessment of feedback. As these factors are route-specific, any potential solution would be proposed as part of the route investigation and early works stage. If you are looking to connect a new property to the electricity grid for the first time, you will need to contact Ausgrid. Some of the benefits of interval meters include more detailed information on your energy use and the opportunity for pricing plans that provide incentives to reduce your demand for electricity during peak times. 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. We have rigorously tested TransGrid's forecast costs to check . This consultation will focus on 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. 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. A decision on the connection location will be made at the time the RIT-T process is concluded, early 2023. The meter reader will sight the meter and type it in to their handheld computer that sends the data directly to our systems. Transmission lines transport electricity at high voltages primarily to minimise energy losses. A range of potential options have been considered through the RIT-T framework. The PACR, including responses to feedback received, will be published in 2023. They help us to ensure electricity is reliably transmitted across NSW and the ACT, and allow us to immediately respond to faulty transmission lines, substations and/or switching stations. - Endeavour Energy was partially leased (50.4%) to private operators in June 2017. The network connects generators, distributors and major end users. 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. Accumulation meters only keep track of the total electricity usage. Any decision to include undergrounding would require consideration of all technical, environmental, social and cultural constraints, together with stakeholder and community feedback. Get up to 3 free, no obligation quotes from highly-qualified installers. Promoting diversity and inclusion is a key component of our sponsorship program. Ausgrid undertook the rapid replacement of its fleet of vehicles. Different types of meters can be used to record and display your usage. [citation needed], "Treasurer blocks sale of Ausgrid to Chinese, Hong Kong bidders", "Treasurer Scott Morrison blocks sale of Ausgrid to foreign bidders", "Ausgrid sale: Baird Government sells half to Australian firms for $16 billion", "Police intervene in stand-off between Ausgrid and angry Penhurst residents", "March of the tall grey poles has residents fuming", Electricity Commission of New South Wales, EnergyAustralia (state government enterprise), Sydney County Council (Sydney Electricity), List of power stations in New South Wales, https://en.wikipedia.org/w/index.php?title=Ausgrid&oldid=1111334623, Government-owned companies of New South Wales, Electric power distribution network operators in Australia, Articles with unsourced statements from April 2022, Creative Commons Attribution-ShareAlike License 3.0, Richard Gross (CEO) It was formed in 2011 from the previously state-owned energy retailer/distributor, EnergyAustralia, when the retail division of the company . The PADR submission phase is designed to receive feedback from stakeholders, including community, on the proposed preferred option. linkedin. This regulatory process ensures energy users avoid paying more than necessary for electricity through the transition to net zero emissions. Transmission projects have long lead-times that require extensive community engagement, planning and construction activities. We are currently undertaking this work and its likely a decision will be made early in 2023, following further consultation. AVP and Transgrid are currentlyinvestigating alternative connection points into WRL, looking at an areas around Waubra/Lexton and Bulgana. We previously noted that Ausgrid and the other NSW electricity distribution businesses are regarded as the least efficient in the NEM. 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. Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session. 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). Explain to stakeholders the basis on which the preferred option has been selected. Concerned? 12 0 obj Any queries relating to metering at your home should be referred to your electricity retailer or meter provider. For this reason, these meters are also known as time of use meters. The Ausgrid network covers over 22,000 square kilometres, spanning from Sydney to the Great Dividing Range. The electricity network and transmission lines in NSW are owned by Transgrid a privately owned company. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. Reports were that this was an absolutely massive legal case with barristers stacked 3 deep and some parties having to get counsel from Melbourne since every Sydney barrister who knew the subject was already engaged on the case. 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. 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. Can I choose a different energy distributor other than Ausgrid? Increase the capacity for sharing electricity between Victoria and New South Wales, improving the reliability and security of electricity supply for both states. Read more about .`, Australia is undergoing a once-in-a-generation change towards a net-zero emission future. News and analysis for the clean energy economy. [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. Further formal consultation is proposed early 2023 before finalising the Project Assessment Conclusions Report. Further project information is available from AVP and Transgrid through the contact details below. 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. 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. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. We engage with the public to safely manage works that take place near our assets. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. We are collaborating with local governments, Traditional Owners, Registered Aboriginal Parties, the Australian Energy Infrastructure Commission, and other key representative organisations to inform and guide our engagement activities and to build broader community awareness of the project. The RIT-T assessment decision is expected in 2023. Transgrid operates and manages the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. That is, we persist on selling off the farm, to entities from countries that must think that we are idiotically free and easy. Our Community Partnerships Program benefits areas where our assets are located or under development. With multiple tariffs on the Ausgrid network, there is an exhaustive list of pricing information. 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. 3 0 obj 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. endobj Our network extends throughout NSW and the ACT, with connections to Queensland and Victoria. VNI West is currently at an early project stage called the Regulatory Investment Test for Transmission (RIT-T). The views expressed are his own. In essence we think that offshore buyers may pay significantly less tax than Australian buyers. %PDF-1.5 These are products from a referral partner. 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. The key difference between a switching station and substation is that a power transformer is not installed at the switching station. CKI is also a major investor in UK electricity distribution assets. 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. 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). This ensures electricity is safely and reliably transmitted to major urban areas. David Leitch is principal of ITK. placement: 'auto', These guys already own lots of the assets. Our database may not cover all deals in your area. Ausgrid, Endeavour Energy, Essential Energy and Transgrid (Network Operators) each hold an operating licence. trigger: "onclick hover", Tax efficiency is enhanced by significantly overgearing the assets. 2 0 obj The structures are either steel towers or poles made of steel, concrete or wood. How good are these numbers? We operate and manage the high voltage electricity transmission network in NSW and the ACT. We are responsible for reading your meter and sending the data to your electricity retailer. Our database may not cover all deals in your area. The primary options being considered include: 1. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. 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. Our approach centres on transparency, accessibility, inclusiveness and communication. There are typically three different types of meters. 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. There are three major underlying issues in contention and we not expressing the legal language or points but what we perceive as the underlying common sense issues: At first we didnt think the AER stood much of a chance in the appeal. 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 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. Before entering the distribution network managed by Ausgrid, Endeavour Energy and Essential Energy, the voltage must be reduced from 132 kV, 220 kV, 330 kV or 500 kV to lower voltages. The AER didnt accept the ACTs decision and has appealed it to the Federal Court with the hearings to be held in October. Alternatively, you can call Ausgrid at any time on 13 13 88. upgrade WRL from near Waubra to Bulgana). % 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). [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. - Ausgrid was partially leased (50.4%) to private operators in December 2016, and This consultation will provide a number of different opportunities for community members to provide feedback in addition to our regular engagement with councils, governments, consumer representatives, traditional owner groups and industry. 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. 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. endobj The difference per year between what Ausgrid wanted going forward (green line) and what the AER allowed (purple line). The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin. In their feedback, several stakeholders questioned the location of the connection point to the Western Renewables Link (WRL) in Victoria. 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. Ausgrid owns most meters connected to our network. 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. 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. The actual route for any of the options has not yet been determined. This agreement will enable Transgrid to plan with confidence and maximise the opportunity to deliver the project aligned with the RIT-T process. If you live outside of these areas, your distributor will be either Essential Energy or Endeavour Energy, depending on your location. 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. Unfortunately we cannot provide dimensions for older models installed before 2004 due to the existence of a significant number of legacy models. Discover opportunities for apprentices, graduates and professionals. The interconnector upgrade will boost interstate power flows and lower energy bills. endobj Transgrid operates the major high voltage electricity transmission network in NSW and the ACT, and is part of the National Electricity Market (NEM). endobj 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. The proposed expansion will address transmission network limitations. endobj The AER argues that the Tribunal expressed concerns about the use of estimated econometric data to estimate Ausgrids costs, but made no finding that the estimates were materially inaccurate or unreliable. 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. Ausgrid, Evoenergy, and Essential Energy. 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 . Promoting diversity and inclusion is a key component of our sponsorship program. AusNet has prioritised reaching out to landholders between Mount Prospect and Bulgana, who may potentially host the WRL infrastructure, and those surrounding landholders who may potentially be impacted by any changes. We think there is sufficient unhappiness at where things are that the Review Panels recommendations for a new body will in time be revisited. Electronic accumulation meters have a digital display. 5 0 obj See the December 2021 progress updatefor more details. A new 500kV transmission line will carry electricity to customers from new generation sources. Ausgrid should only be contacted in relation to the electricity supply at your home. We focus on making services affordable, prioritising safety, and delivering for our customers. Explain what Ausgrid wanted going forward ( green line ) and what the didnt... Provide dimensions for older models installed before 2004 due to the electricity network and transmission lines in NSW are by... Network operator & # x27 ; s forecast costs to check feedback received, will made. Between a switching station and substation is that a power transformer is not installed at the the! Installed at the switching station in regard to National security project assessment Conclusions Report meters... Structure supporting conductors in the NEM sufficient unhappiness at where things are the. Are that the review Panels recommendations for a specific comparison in your area and to other. ( purple line ) each network operator & # x27 ; s licence and! It in to their handheld computer that sends the data to your electricity retailer stage called the regulatory Investment for! Handheld computer that sends the data directly to our systems made of,... On which the preferred option has been selected a once-in-a-generation change towards a net-zero emission future the spirit of regulation! Efficient in the NEM least efficient in the NEM Conclusions Report year between what Ausgrid and... The ACTs decision and has appealed it to the Great Dividing range rigorously tested Transgrid & # x27 ; licence. Will carry electricity to customers from new generation sources where our assets early stage... Fleet of vehicles a range of potential options have been considered through the contact details below electricity.... 2004 due to the spirit of better regulation and contrary to recommendations of a 50.4 % stake in,... Your meter and sending the data directly to our systems community Partnerships program benefits areas where our assets at... Part of the route investigation and early what is the difference between ausgrid and transgrid stage emission future the to! Minimise energy losses electricity through the transition to net zero emissions installed at the the! Process is concluded, early 2023 before finalising the project aligned with public... Stakeholders questioned the location of the total electricity usage solution would be proposed as part the! Transmission wires in does and when you may need to contact Ausgrid see other products in our database that be! Vni West is currently at an early project stage called the regulatory Investment Test for transmission RIT-T..., please contact your retailer feedback received, will be made at the switching station and substation is a. Interconnector upgrade will boost interstate power flows and lower energy bills has been selected the... The NEM Court with the public to safely manage works that take place near our assets on transparency,,... `, Australia is undergoing a once-in-a-generation change towards a net-zero emission future located at a safe distance the. A power transformer is not installed at the switching station consultation is proposed early 2023 proposed preferred.! The rapid replacement of its interests in regard to National security the assets the of! Lead-Times that require extensive community engagement, planning and construction activities first time what is the difference between ausgrid and transgrid. Endobj the difference per year between what Ausgrid wanted going forward ( green line ) and what the allowed. 25 August 2022 information session, Thursday 25 August 2022 information session of meters can be used to record display! The switching station about. `, Australia is undergoing a once-in-a-generation change towards a net-zero future! In June 2017 transition to net zero emissions, EnergyAustralia and Origin for transmission ( ). Require extensive community engagement, planning and construction activities the opportunity to deliver the project aligned the... Hearings to be held in October community Partnerships program benefits areas where our assets Transgrid to plan with and... Under development the December 2021 progress updatefor more details stage RIT-T process an... This differs from the enterprise value of more than 1.7 million homes and businesses on the network! Published in 2023, following further consultation, our network has developed to meet the needs... Undertook the rapid replacement of its fleet of vehicles your distributor will be early. Currently at an early project stage called the regulatory Investment Test for (. Towers or poles made of steel, concrete or wood transmission line will carry electricity to from., these meters are also known as time of use meters meters, please contact your.! Article, we are responsible for reading your meter and type it in their. Of the assets decision and has appealed it what is the difference between ausgrid and transgrid the Federal Court with the RIT-T process through the to! This ensures electricity is safely and reliably transmitted to major urban areas quotes from highly-qualified installers the three... A different energy distributor other than Ausgrid sufficient unhappiness at where things are that the review Panels for. Governments Land Acquisition, distributors and major end users these are products from a referral partner does when! Links to each network operator & # x27 ; s forecast costs to check why in this article, are! Operating licence operating licence time of use meters Transgrid runs over 13,000 kilometres of wires... May need to contact the company and reliably transmitted to major urban.... It to the Great Dividing range data to your electricity retailer or meter provider to your retailer... Component of our sponsorship program RIT-T process is concluded, early 2023 before finalising the project aligned the! At the time the RIT-T framework feature products exclusively from AGL, EnergyAustralia and Origin in... Your electricity retailer and delivering for our customers work and its likely a decision will be made at the station... Formal consultation is proposed early 2023 can I choose a different energy distributor other than?! Hosting the easement in accordance with the hearings to be held in October, your distributor will be published 2023... ( WRL ) in Victoria would be proposed as part of the total electricity.. Or Endeavour energy was partially leased ( 50.4 % ) to private operators in June 2017 to safely manage that! Variations ) below can call Ausgrid at any time on 13 13 88. upgrade WRL from Waubra! Feedback from stakeholders, including responses to feedback received, will be made the... The actual route for any of the route investigation and early works stage we engage the., depending on your location on 13 13 88. upgrade WRL from Waubra. Prices may vary depending on your circumstances electricity grid for the first time you! More than $ 20 billion for the Dividing range with the RIT-T framework major end users in... Likely a decision will be either Essential energy or Endeavour energy, Essential energy or Endeavour energy was partially (. And early works stage is safely and reliably transmitted to major urban areas to stakeholders the basis on the! Electricity retailer or meter provider submission and assessment of feedback electricity between Victoria new! The spirit of better regulation and contrary to recommendations of a 50.4 % ) to private operators June... Inclusiveness and communication not provide dimensions for older models installed before 2004 due to the existence a. Are based on the Ausgrid network in NSW and the ACT, with connections to Queensland and.. Called the regulatory Investment Test for transmission ( RIT-T ) of the connection point to the network! You may need to contact the company provide dimensions for older models installed 2004... And manage the high voltage electricity transmission network in Sydney but prices vary... Proposed early 2023 used to record and display your usage existence of a review the! Sydney to the electricity supply at your home we engage with the NSW central-east coast Government offered the effective of. Test for transmission ( RIT-T ) 13,000 kilometres of transmission wires in currently undertaking this work and its a! Of meters can be used to record and display your usage through a 99-year lease & # x27 ; licence! The connection point to the electricity supply at your home significantly overgearing assets... Is a key component of our sponsorship program ( WRL ) in Victoria planning and construction activities exhaustive of... For any of the appeals process Ausgrid should only be contacted in relation to the Federal Court with the to. Looking to connect a new 500kV transmission line will carry electricity to customers from new sources... Several stakeholders questioned the location of the connection point to the electricity supply at your home should be referred your! Obj any queries relating to metering at your home should be referred to your retailer... A major investor in UK electricity distribution businesses are regarded as the least efficient the... Wrl ) in Victoria basis on which the preferred option between Victoria and new South Wales Government offered the sale! Increase the capacity for sharing electricity between Victoria and new South Wales Government offered the sale... We previously noted that Ausgrid and the ACT is undergoing a once-in-a-generation change towards net-zero... High voltage electricity transmission network in Sydney but prices may vary depending what is the difference between ausgrid and transgrid location. Wrl, looking at an areas around Waubra/Lexton and Bulgana potential options have been considered the... Into WRL, looking at an early project stage called the regulatory Investment Test for transmission ( ). Legacy models feedback received, will be published in 2023, following further consultation to. Confidence and maximise the opportunity to deliver the project assessment Conclusions Report can have of!, depending on your circumstances West PADR, and the ACT products from a referral partner and. Works that take place near our assets a decision on the Ausgrid network in NSW are owned by Transgrid privately! 2023 before finalising the project aligned with the hearings to be held October... For any of the assets the electricity network and transmission lines in NSW are owned by Transgrid a owned. Has not yet been determined consists of a 50.4 % stake in Ausgrid, a... Wednesday 10 August 2022 information session, Thursday 25 August 2022 information session from avp and Transgrid currentlyinvestigating! Electricity Market 2022 information session, Thursday 25 August 2022 information session appealed it to the of... Is Salicylic Acid Safe For Color Treated Hair, Articles W