DOCSLIB.ORG

Future Trends in Power Systems Non-Network Options and Demand

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Future Trends in Power Systems Non-Network Options and Demand Future Trends in Power Systems A Short Course in honour of Professor David Hill Monday 12 October 2009, University of Sydney Non-Network Options and Demand Side Response for Network Support – TransGrid’s Experience Dr Ashok Manglick Group Manager/Strategic Projects, TransGrid Outline TNSPs and DSR TransGrid’s Approach to Demand Response . Regulatory Framework for TNSPs . The Planning process Case Study: Acquisition of 350MW of network support for summer 2008/09 Future projects Questions and Discussion TransGrid’s Network Queensland New South Wales energyAustralia Country Energy 500 kV Integral Energy 500 @ 330 330 kV 220 kV 132 kV A.C.T. T1 Distributor Boundary Victoria Power Station ACTEW/ Major Snowy AGL Substation Scale 0 100 km TRANSGRID’S CUSTOMERS Other TNSPs Large Industrials Snowy Delta Electricity energyAustralia Macquarie Integral TransGrid Energy Generation Country Energy Eraring Energy ACTEW/AGL Generation Transmission Distribution Consumers Authorities DSR for TNSPs Eliciting demand side response in terms of reducing peak electricity demand, changing energy usage to other forms of energy sources and/or installing embedded generation to meet part customer peak electricity demand. Common DSR/DSM Practices Load control- shift load to off peak Embedded generation Interruptible loads Industrial co-generation Power factor correction Shift to alternative energy sources – wind, gas etc. TransGrid’s Demand Side Initiatives . Exploring & contracting Non-Network Options, where prudent and efficient . International Participation: IEA and CIGRE (via C6 Australian Panel) . State wide Demand Management Participation . Working with all NSW Distributors on Innovation in Demand Management Exploring Non-Network Options For major network augmentations TransGrid publishes: . Annual Planning Report . “Needs Statement” for each constraint describing the nature of constraints . Request For Proposals or similar calls seeking market input for non-network options to defer (or eliminate) proposed network augmentation Non-Network Alternatives Requests 2000-2009 Western Area of NSW Mid-North Coast of NSW NSW Central Coast South West of NSW Far North Coast West & Central West NSW Newcastle-Sydney-Wollongong (N-S-W) area Inner Sydney Metro Area – work in progress Regulatory Framework for TNSPs . The AER regulatory regime . The AER Revenue Cap Decision . The National Electricity Rules TNSP’s Obligations in the NER Applying Regulatory test which requires TNSPs to treat non- network alternatives on equal footing with network proposals Efficiency Must be economically more efficient than other options (Reg. Test) Prudence TransGrid has obligations to maintain supply reliability to its customers. Non-network alternatives must deliver same level of reliability as network alternatives Also, non-network alternatives must be feasible (must have a proponent or a likely proponent, able to deliver when required) Funding from Pass Through . A Network (Grid) Support Event is a material change in the cost (if any) of network support. Can apply for pass-through of the cost . Pass-Through Event must be prudent, efficient & have a financial impact on TransGrid during the Regulatory Control Period. Pass-Through amount must be material. Funding from Deferral of Capex . The non-network network support alternative must be cost-effective when compared with the most cost- effective network alternative . Cost of implementing non-network alternative must be less than the benefit from capex deferral related to the proposed network alternative . The Board expects a robust commercial analysis (as different from economic analysis) justifying non- network option including risk management. The Planning Process . Integration of non-network alternatives in planning process . Seeking and evaluating non-network alternatives as part of the capex decision making process Joint Connection Load & Network Asset Operational Risk Planning Enquiries & Generation Condition issue Assessment with DNSPs Applications Adequacy Scenarios ND&RA ND&RA ND&RA ND&RA NS, NPO NPO All Identification of needs ND&RA Outline Plans ND&RA Detailed Planning and Options Development The Planning process ND&RA Decision to examine non - network alternatives ND&RA Project Scoping Reports Non-network alternatives for network alternatives including DSM and generation ND&RA (Request for Proposals if required) ND&RA Technical and commercial evaluation of non -network Feasibility Study alternatives ND&RA CPD ND NP G3 004 Annual Planning Option Assessment Report ND&RA ND&RA Sign off to start Regulatory Project Definition Consultation Report <$10m ND&RA ND&RA Decision Gate 1 DSM/Generation Regulatory Consultation negotiations Application Notice ND&RA ND&RA Regulatory Consultation Project Definition Final Report ND&RA Report >$10m ND&RA Funding approval for Decision Gate 2 contracted DSM /Generation Funding approval for Network Support Construction ND&RA CPD, NS, NPO Sign Non -network Agreement(s) Identify network needs (outside scope of this procedure ) Publish needs document (e.g XX MW required at ‘y’ location on grid in YYYY Non-network alternatives: Review responses The process NO STOP Pursue non -network option ? YES Prepare and publish EOI or RFP Analyse & evaluate responses to EOI or RFP (technical & commercial) Option fails Undertake Regulatory Test STOP (ND NP G2 003 NER ‘Planning Consultation Process’ for details ) Option passes Detailed negotiations with proponents and execution of NSA Implement Review on completion of NSA term Case study: Non-network alternatives to defer a 500kV transmission project upgrade Power transfers to and Network Supplying from Queensland the NSW northern load Newcastle/Sydney/ Wollongong Area Hunter Valley Power Stations Newcastle Central Coast Power Stations Western Power Stations Sydney SydneyWollongong Wollongong Southern load area Snowy Power Stations Power transfers to and from Victoria Power flow to and from north Line rating limitation Hunter Valley power Bayswater Liddell stations Newcastle and Tomago Overall System Voltage control limitation Limitations Western Central power Coast stations power stations Mt Piper Wallerawang Multiple lines Greater Sydney Marulan South west South Coast Dapto 330 500 kV construction operating at 330 kV 500kV Western System Upgrade: Non-network Options . Needs Statement (350 MW for summer 2008/9): issued October 2005 . RFP issued August 2006, closed Sep. 2006 . Classified in portfolios the most cost effective offers, totalling 350 MW (effective) 500kV Western System Upgrade: Non-network Options (2) . Cost components: availability and despatch payments; . Total cost of recommended portfolio : $21.9M; availability & despatch about equal. Recommendations approved by the Board: June 2007 . Pass-through approved by the AER, May 2008 500kV Western System Upgrade: Non-network Options (3) Operating procedures & processes . Notification & dispatch procedures . Communication protocols . Performance verification & payment processes Major issues with AER . Materiality . Efficiency . Reasonableness Major issues for TNSPs . Risk of not being able to meet reliability obligations due to lower reliability of non-network alternatives and uncertain availability . Financial risks & funding . Operational risks o Embedded generator o Large industrial load o Aggregator Future DSR Projects Sydney Metropolitan Development Deferral by one or two years DM Innovation 2009-2014 Sydney inner metropolitan area system development TransGrid & Energy Australia joint planning & development in the Sydney Inner Metropolitan; Complex project – transmission lines (overhead and underground) and associated substation works Need to identify deferrable portions of the project (e.g. Land acquisition generally cannot be deferred) TransGrid/EnergyAustralia Sydney Supply Area where DM needs to be implemented to defer projects by one year, or two (subject to availability of DM capacity) Innovation Demand Management 2009-2014 The AER has approved DM Innovation allowance to DNSPs in NSW & ACT TransGrid received approval for DM innovation projects for the 2009-2014 regulatory control period TransGrid proposes to work with the DNSPs and has signed MOUs with them Implement lessons learnt from the DMPP and Other new initiatives in partnership with distributors in NSW & ACT Questions & Discussion.
Load more

Recommended publications
  • United Energy & Multinet
    8th December, 2011 Consolidated Rule Request - National Electricity Amendment (Economic Regulation of Network Service Providers) Rule 2011 1 Table of Contents 1 Introduction and overview of submission ................................................................................... 3 2 Proposed changes to the framework for expenditure forecasts ................................................ 7 3 Capital expenditure incentives ................................................................................................. 12 4 Excluding related party margins from the RAB ........................................................................ 14 5 Introducing new incentive schemes ......................................................................................... 15 6 Treatment of shared assets ..................................................................................................... 16 7 Determination of the rate of return ........................................................................................... 19 8 Debt risk premium – Energy Users Rule Change Committee ................................................. 24 Submission to AEMC_AER Rule Change 8th December, 2011 2 1 Introduction and overview of submission 1.1 This document is a joint submission lodged by United Energy (UE) and Multinet Gas (MG) in response to recent Rule change proposals from the AER and the Energy Users Rule Change Committee (EURCC). 1.2 To provide context for this submission, it is noted that: UE provides electricity distribution
    [Show full text]
  • Project Energyconnect Review of Economic Assessment
    Project EnergyConnect Review of economic assessment 31 March 2021 Project EnergyConnect Review of economic assessment Copyright and Disclaimer Copyright in this material is owned by or licensed to ElectraNet. Permission to publish, modify, commercialise, or alter this material must be sought directly from ElectraNet. Reasonable endeavours have been used to ensure that the information contained in this report is accurate at the time of writing. However, ElectraNet gives no warranty and accepts no liability for any loss or damage incurred in reliance on this information. Revision Record Date Version Description Author Checked By Approved By 31 Mar 2021 1.0 For submission to the Brad Harrison Simon Appleby Rainer Korte AER and publication Hugo Klingenberg Page 1 of 12 Project EnergyConnect Review of economic assessment Project EnergyConnect material change in circumstances assessment Executive Summary On 14 September 2020, ElectraNet submitted an updated economic cost benefit analysis for Project EnergyConnect (PEC) to the AER for approval. The AER confirmed on 28 September 2020 that: “…the AER considers that the updated cost benefit analysis provides a not unreasonable basis for ElectraNet’s opinion that PEC remains the preferred option. We expect both ElectraNet and TransGrid to submit full and complete contingent project applications for PEC as soon as possible.” On 29 September 2020, the ElectraNet Board approved submission of a contingent project application (CPA) based on the AER’s confirmation and the CPA was submitted to the AER on 30 September 2020. This note reviews several subsequently announced policies and other changes in the National Electricity Market (NEM) and considers the impact that these could have on the benefits of PEC.
    [Show full text]
  • Distribution Loss Factor Calculation Methodology Paper 2021-22
    Distribution Loss Factor Calculation Methodology Paper March 2021 Distribution Loss Factor Calculation Methodology Paper March 2021 CONTENTS 1 INTRODUCTION .......................................................................................................................... 1 1.1 Requirements of the National Electricity Rules .................................................................. 1 1.2 Ausgrid’s general approach in deriving non-site specific DLFs ......................................... 2 1.3 Energy entering the distribution network ............................................................................ 4 1.4 Energy exiting the distribution network .............................................................................. 4 1.5 Proposed approach to loss estimation for financial year 2021-22 ..................................... 4 2 BREAKDOWN OF TECHNICAL LOSSES ................................................................................. 5 2.1 Calculation of site specific loss factors............................................................................... 5 2.2 Calculation of loss load factors .......................................................................................... 5 2.3 Sub-transmission network series losses ............................................................................ 5 2.4 Sub-transmission network shunt losses ............................................................................. 5 2.5 High voltage network series losses ...................................................................................
    [Show full text]
  • Clean Energy Fact Sheet We All Want Affordable, Reliable and Clean Energy So We Can Enjoy a Good Quality of Life
    Clean Energy fact sheet We all want affordable, reliable and clean energy so we can enjoy a good quality of life. This fact sheet sets out how we’re leading a transition from fossil fuels to cleaner forms of energy. Background Minimising or, where we can, avoiding financial EnergyAustralia is one of the country’s biggest hardship is part of the challenge as we transition generators of power from fossil fuels. Each to cleaner generation. We need to do this while preserving the reliability of supply. +800 MW year we produce around 20 million tonnes Rights to of greenhouse gases, mostly carbon dioxide Our approach involves supporting the renewable energy or CO₂, from burning coal and gas to supply development of clean energy while helping our electricity to our 2.4 million accounts across customers manage their own consumption so eastern Australia. they use less energy. Because when they do For around a century, coal-fired power plants that, they generate fewer emissions and they ~$3B have provided Australians with reliable and save money. Long term affordable power and supported jobs and renewable Supporting renewable energy agreements economic development. The world is changing with fossil fuel generation being replaced by Right now, EnergyAustralia has the rights to lower emissions technologies. more than 800 MW worth of renewable energy, combining solar and wind farm power purchase The way we generate, deliver and use energy agreements, and we half-own the Cathedral 7.5% has to change. As a big emitter of carbon, it’s Rocks wind farm. Of large-scale up to us to lead the transition to cleaner energy wind and solar in a way that maintains that same reliable and project in the NEM affordable access to energy for everyone.
    [Show full text]
  • Automate CP.Xlsm
    FCAS Causer Pays Settlement Factors Issued: 10/12/2020 Period of Application: 27/12/2020 to 23/01/2021 Sample Period: 12:05AM, 8/11/2020 to 12:00AM, 6/12/2020 Queensland, New South Wales, Victoria, South Australia and Tasmania Region Causer Pays Factors Scheduled and Semi-Scheduled Aggregations Factor AETV Pty Ltd 0.013562453 AGL Hydro Partnership 4.012190653 AGL Loy Yang Marketing Pty Ltd 0 AGL Macquarie Pty Limited 0 AGL PARF NSW Pty Ltd 2.310470219 AGL PARF QLD Pty Limited 0.46800389 AGL SA Generation Pty Limited 1.849553623 Alinta Energy Retail Sales Pty Ltd 0.449145117 Ararat Wind Farm Pty Ltd 0.875407241 Arrow Southern Generation Pty Ltd And Arrow Braemar 2 Pty Ltd 0.042579354 Boco Rock Wind Farm Pty Ltd 0.433630577 Bodangora Wind Farm Pty Limited 0.382480317 Bomen Solar Farm Pty Ltd As Trustee For Bomen SF Trust 0.556490672 Braemar Power Project Pty Ltd 0.706700821 Bulgana Wind Farm Pty Ltd 0.837111039 Callide Power Trading Pty Limited 0 Cherry Tree Wind Farm Pty Ltd As Trustee For The Cherry Tree Project Trust 0.156136526 Childers Solar Pty Ltd ATF The Childers Solar Trust 0.080755682 Clare Solar Farm Pty Ltd 0.651235137 CleanCo Queensland Limited 1.758098911 Clermont Asset Co Pty Ltd ATF Clermont Solar Unit Trust 0 Coleambally Solar Pty Ltd 1.111648664 Collector Wind Farm Pty Ltd 0.185651799 Crookwell Development Pty Ltd 0.401146682 CRWF Nominees Pty Ltd As Trustee For The CRWF Trust 0 CS Energy Limited 0 Darling Downs Solar Farm Pty Ltd 0.875202842 Darlington Point Solar Farm Pty Ltd 0.660040796 Daydream Solar Farm Pty Ltd As
    [Show full text]
  • Network Vision 2056 Is Prepared and in All Cases, Anyone Proposing to Rely on Or Use Made Available Solely for Information Purposes
    Disclaimer and copyright The Network Vision 2056 is prepared and In all cases, anyone proposing to rely on or use made available solely for information purposes. the information in this document should: Nothing in this document can be or should be taken as a recommendation in respect of any 1. Independently verify and check the currency, possible investment. accuracy, completeness, reliability and suitability of that information The information in this document reflects the forecasts, proposals and opinions adopted by 2. Independently verify and check the currency, TransGrid as at 30 June 2016 other than where accuracy, completeness, reliability and suitability otherwise specifically stated. Those forecasts, of reports relied on by TransGrid in preparing this proposals and opinions may change at any document time without warning. Anyone considering this 3. Obtain independent and specific advice from document at any date should independently seek appropriate experts or other sources the latest forecasts, proposals and opinions. Accordingly, TransGrid makes no representations This document includes information obtained or warranty as to the currency, accuracy, from the Australian Energy Market Operator reliability, completeness or suitability for particular (AEMO) and other sources. That information purposes of the information in this document. has been adopted in good faith without further enquiry or verification. Persons reading or utilising this Network Vision 2056 acknowledge and accept that TransGrid This document does not purport to contain all and/or its employees, agents and consultants of the information that AEMO, a prospective shall have no liability (including liability to any investor, Registered Participant or potential person by reason of negligence or negligent participant in the National Electricity Market misstatement) for any statements, opinions, (NEM), or any other person or Interested Parties information or matter (expressed or implied) may require for making decisions.
    [Show full text]
  • SEQ Retail Electricity Market Monitoring: 2017–18
    Updated Market Monitoring Report SEQ retail electricity market monitoring: 2017–18 March 2019 We wish to acknowledge the contribution of the following staff to this report: Jennie Cooper, Karan Bhogale, Shannon Murphy, Thomas Gardiner & Thomas Höppli © Queensland Competition Authority 2019 The Queensland Competition Authority supports and encourages the dissemination and exchange of information. However, copyright protects this document. The Queensland Competition Authority has no objection to this material being reproduced, made available online or electronically but only if it is recognised as the owner of the copyright2 and this material remains unaltered. Queensland Competition Authority Contents Contents EXECUTIVE SUMMARY III THE ROLE OF THE QCA – TASK AND CONTACTS V 1 INTRODUCTION 1 1.1 Retail electricity market monitoring in south east Queensland 1 1.2 This report 1 1.3 Retailers operating in SEQ 1 2 PRICE MONITORING 3 2.1 Background 3 2.2 Minister's Direction 4 2.3 QCA methodology 4 2.4 QCA monitoring 6 2.5 Distribution non-network charges 45 2.6 Conclusion 47 3 DISCOUNTS, SAVINGS AND BENEFITS 48 3.1 Background 48 3.2 Minister's Direction 48 3.3 QCA methodology 48 3.4 QCA monitoring 49 3.5 Conclusion 96 4 RETAIL FEES 98 4.1 Background 98 4.2 Minister's Direction 98 4.3 QCA methodology 98 4.4 QCA monitoring 98 4.5 GST on fees 104 4.6 Fees that 'may' have applied 105 4.7 Additional fee information on Energy Made Easy 105 4.8 Conclusion 105 5 PRICE TRENDS 107 5.1 Minister's Direction 107 5.2 Data availability 107 5.3 QCA methodology
    [Show full text]
  • Regulation of New South Wales Electricity Distribution Networks
    REGULATION OF NEW SOUTH WALES ELECTRICITY DISTRIBUTION NETWORKS Determination and Rules Under the National Electricity Code December 1999 I NDEPENDENT P RICING AND REGULATORY T RIBUNAL OF N EW S OUTH W ALES I NDEPENDENT P RICING AND R EGULATORY T RIBUNAL OF N EW S OUTH W ALES REGULATION OF NEW SOUTH WALES ELECTRICITY DISTRIBUTION NETWORKS Determination and Rules Under the National Electricity Code December 1999 National Electricity Code Determination 99-1 December 1999 2 The Tribunal members for this review are: Dr Thomas G Parry, Chairman Mr James Cox, Full time member This publication comprises two documents: The Tribunal's determination on Regulation of New South Wales Electricity Distribution Networks under the National Electricity Code Rules made by the Tribunal under clause 9.10.1(f) of the National Electricity Code Inquiries regarding this publication should be directed to: Scott Young (02) 9290 8404 [email protected] Anna Brakey (02) 9290 8438 [email protected] Eric Groom (02) 9290 8475 [email protected] Independent Pricing and Regulatory Tribunal of New South Wales Level 2, 44 Market Street Sydney NSW 2000 (02) 9290 8400 Fax (02) 9290 2061 www.ipart.nsw.gov.au All correspondence to: PO Box Q290, QVB Post Office, NSW 1230 Determination Under the National Electricity Code December 1999 I NDEPENDENT P RICING AND REGULATORY T RIBUNAL OF N EW S OUTH W ALES 4 TABLE OF CONTENTS FOREWORD i EXECUTIVE SUMMARY iii SUMMARY OF DETERMINATION vii GLOSSARY OF ACRONYMS AND TERMS xix 1 INTRODUCTION 1 1.1 The
    [Show full text]
  • For Personal Use Only Use Personal For
    To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 15 March 2011 From Helen Hardy Pages 7 ORIGIN ANNOUNCES $2.3 BILLION PRO RATA RENOUNCEABLE ENTITLEMENT Subject OFFER Please find attached a release on the above subject. Regards Helen Hardy Company Secretary 02 8345 5023 – [email protected] For personal use only Origin Energy Limited ACN 000 051 696 • Lvl 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 1566 • www.originenergy.com.au ASX/Media Release 15 March 2011 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Origin announces $2.3 billion pro rata renounceable entitlement offer Origin Energy Limited (“Origin”) today announced a fully underwritten 1 for 5 pro rata renounceable entitlement offer of new Origin ordinary shares (“New Shares”) at an offer price of $13.00 per New Share (“Offer Price”) to raise approximately $2.3 billion (“Entitlement Offer”). Proceeds from the Entitlement Offer will be applied to refinance part of the debt used to fund the $3.26 billion1 acquisition of the Integral Energy and Country Energy retail businesses and the Eraring GenTrader arrangements, which completed on 1 March 2011, and to strengthen Origin’s balance sheet for investment in other growth opportunities. • 1 for 5 fully underwritten pro rata renounceable Entitlement Offer to raise approximately $2.3 billion • Offer Price of $13.00 per New Share • Institutional Entitlement Offer is accelerated • Retail Entitlements may be traded on ASX Origin Chairman Mr Kevin McCann said, “The Entitlement Offer provides eligible Origin shareholders with an opportunity to participate in, and benefit from, the future growth of Origin.
    [Show full text]
  • 21 Years of EWON Then & Now
    21 years of EWON then & now Annual Report 2018-2019 About this Report This Annual Report is published in accordance with the Energy & Water Ombudsman NSW (EWON) Charter and the Benchmarks for Industry-based Customer Dispute Resolution. The Benchmarks are Accessibility, Independence, Fairness, Accountability, Efficiency and Effectiveness. About our data Overview The data in this Report is drawn from The Energy & Water Ombudsman NSW (EWON) is an industry-based complaints received by EWON during the Ombudsman scheme which provides independent, free, informal dispute 2018/2019 financial year, unless otherwise resolution services to all NSW energy and some water customers. specified. EWON’s open complaint data varies We concentrate on achieving a fair and reasonable outcome for all in accordance with complaint progression complaints and all parties – we are not a consumer advocate, nor do we and figures in this Report reflect complaint represent industry. status as at 7 July 2019. We investigate a broad spectrum of complaints including: › disputed accounts › high bills About our case studies › disconnection or restriction of supply › payment difficulties Personal information about our customers has been changed to protect their privacy. › reliability and quality of supply › connection or transfer issues › contract terms This Report is printed on › marketing practices ecoStar Forest Stewardship Council© (FSC) certified › digital meter issues 100% recycled paper, using vegetable oil based inks and › poor customer service. an alcohol-free ISO 14001 certified printing process. Our principal responsibilities as set out in the EWON Charter are to: › handle energy and water complaints independently, fairly, informally, expeditiously and free of charge to the customer › promote EWON to consumers and small business › encourage and provide advice to members on good complaint- handling practices to assist in reducing and avoiding complaints.
    [Show full text]
  • Transgrid’S 330 Kv Cable 41; • Reduced Rating of Ausgrid 132 Kv Cables; • the Uptake of Demand Management and Energy Efficiency in the Area; And
    L Contingent Projects Contingent Project Powering Sydney’s Future Contingent Project Powering Sydney’s Future Contents 1.1 Background............................................................................................................. 3 1.2 Project Description .................................................................................................. 5 1.3 Trigger Event .......................................................................................................... 5 1.4 Project Requirement ............................................................................................... 5 1.5 Contingent Capital Expenditure............................................................................... 8 1.6 Demonstration of Rules Compliance ....................................................................... 9 Page 2 of 9 Contingent Project Powering Sydney’s Future Syd ey 1.1 Background ast The capability of the inner metropolitan supply network in Sydney is defined by the combined capacity of the parallel 330 kV and 132 kV networks. Theseu ga networks have been planned to operate in unison and designed to share the network load in proportion to their respective ratings. The existing G O transmission network of the Sydney inner metropolitan area is shown in Figure 1 belowa ga . O d ed Ca g o d Figure 1 Sydney Inner Metropolitan Area Transmission Network ac to Lane Cove 928, 929, 92L, 92M ) Holroyd 90V, (2) Mason 90W Park Dalley St Rozelle Strathfield 91A, 91B, 9S6, Pyrmont Chullora 91X, 91Y 9S9 90T, Haymarket Rookwood
    [Show full text]
  • Work Commences for Snowy 2.0
    Autumn 2019 Work commences for Snowy 2.0 In this edition: Snowy 2.0 gets the green light Tailem Bend powers up Mick Edwards wins Apprentice of the Year Tumut's Gadara School gets a new bus WE WELCOME YOUR FEEDBACK: [email protected] 1800 623 776 ISSUE 44 Wallaces Creek Lookout Work commences for Snowy 2.0 CEO Paul Broad provides an update on our key achievements at Snowy Hydro in the last few months... What a few months it has been since our last ageing fleet of thermal power stations. In short, it edition of Snowy Hydro NEWS. Since December will keep our energy system secure. we have named our preferred tenderers for Snowy 2.0, received the NSW Government's Snowy 2.0 is not only a sound business planning approval for the Exploratory Works investment for Snowy Hydro, with more than 8% program, achieved shareholder approval of the return on investment. It also represents the most project and following all of that we commenced cost-effective way to ensure a reliable, clean construction. power system for the future. At Snowy we have a proud history and a strong When it is completed, Snowy 2.0 will be able to vision. Snowy Hydro, supercharged by Snowy 2.0, deliver 2000 megawatts (MW) of on-demand will underpin Australia’s renewable energy future generation, up to 175 hours of storage, and deliver and keep the lights on for generations to come. more competition that will keep downward pressure on prices. It’s an exciting time for our Company.
    [Show full text]