DOCSLIB.ORG

South Australian Energy Transformation RIT-T: Project Assessment Conclusions Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
South Australian Energy Transformation RIT-T: Project Assessment Conclusions Report 13 February 2019 SOUTH AUSTRALIA ENERGY TRANSFORMATION PACR 13 FEBRUARY 2019 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 ElectraNet internal review Brad Harrison and 13 February 2019 1.0 First Issue and Jurisdictional Rainer Korte HoustonKemp Planning Bodies SOUTH AUSTRALIA ENERGY TRANSFORMATION PACR 13 FEBRUARY 2019 Executive Summary ElectraNet has investigated interconnector and network support options aimed at reducing the cost of providing secure and reliable electricity to South Australia in the near term, while facilitating the longer-term transition of the energy sector across the National Energy Market (NEM) to low emission energy sources. We have applied the Regulatory Investment Test for Transmission (RIT-T)1 to this identified need. This Project Assessment Conclusions Report (PACR) is the final formal step in the South Australia Energy Transformation (SAET) RIT-T and takes into account stakeholder feedback received during earlier stages of the RIT-T process, including consultation on a Project Assessment Draft Report (PADR) published in June 2018. Our investigation has been undertaken in consultation with, and with the support of, the Australian Energy Market Operator (AEMO) as the national planning body and relevant Jurisdictional Planning Bodies AEMO (Victoria), Powerlink (Queensland) and TransGrid (New South Wales). Overview This PACR confirms the draft finding that a new 330 kV interconnector between South Australia and New South Wales will deliver substantial economic benefits as soon as it can be built. The preferred option has been amended since the PADR to also include a transmission augmentation between Buronga in New South Wales and Red Cliffs in Victoria. The analysis in this PACR and accompanying reports shows that the new interconnector will: • deliver net market benefits of approximately $900 million over 21 years (in present value terms) including wholesale market fuel cost savings in excess of $100 million/year as soon as it is energised (primarily from avoided expensive gas-fired generation in South Australia); • provide diverse low-cost renewable generation sources to help service New South Wales demand going forward, particularly as existing coal-fired generators retire; • avoid substantial capital costs associated with enabling greater integration of renewables in the National Electricity Market (NEM); • generate sufficient benefits to recover the project capital costs within nine years of completion; • reduce annual residential bills by about $66 in South Australia and $30 in NSW, and annual small business customer bills $132 in South Australia and $71 in NSW (as estimated by ACIL Allen); • deliver flow on economic benefits to the wider economy totalling over $6 billion across South Australian and NSW (in present value terms); • generate over 200 regional jobs in South Australia and over 800 regional jobs in NSW during construction, and create around 250 and 700 ongoing jobs in South Australia and NSW, respectively. • improve the ability of parties to obtain hedging contracts in South Australia and help relieve the tight liquidity in hedging markets currently. We have undertaken extensive stakeholder engagement to ensure the robustness of the RIT-T findings and thank all parties for their valuable input to the consultation process. This engagement has significantly helped test the various options considered and ensures the robustness of the findings regarding the preferred option. 1 The Regulatory Investment Test for Transmission (RIT-T) is the economic cost benefit test that is overseen by the Australian Energy Regulator (AER) and applies to all major network investments in the NEM. Page 3 of 214 SOUTH AUSTRALIA ENERGY TRANSFORMATION PACR 13 FEBRUARY 2019 Benefits of a new interconnector between South Australia and New South Wales Australia’s energy markets are undergoing rapid change as the sector transitions to a world with lower carbon emissions and greater uptake of renewable generation and emerging technologies. These changes have brought with them a number of challenges, including: • a current reliance on high cost gas plant in South Australia to provide dispatchable capacity; and • increased variability of demand and supply due to a dominance of intermittent renewable generation (both grid-scale and household PV). This in turn has led to high wholesale prices in South Australia and a reduction in contract market liquidity, fuelling affordability concerns for customers. In addition, the South Australian region is seen as continuingly vulnerable to extreme weather events and system disturbances. Going forward, the progressive retirement of around half of the New South Wales coal fleet by 2035 (or sooner) means that alternative low emission supply sources will be required to fill this gap whilst meeting Australia’s carbon emissions policy commitments. A new interconnector between South Australia and New South Wales provides a range of benefits that help meet these challenges and support this energy transition, as shown in Figure E.1. Figure E.1 Benefits of a new South Australia to New South Wales interconnector Page 4 of 214 SOUTH AUSTRALIA ENERGY TRANSFORMATION PACR 13 FEBRUARY 2019 A new high capacity interconnector between South Australia and New South Wales will deliver substantial economic benefits as soon as it can be built Our RIT-T assessment shows that of all options considered a new 330 kV interconnector between Robertstown in mid-north South Australia and Wagga Wagga in New South Wales, via Buronga and with an augmentation between Buronga and Red Cliffs (referred to as Option C.3), is expected to deliver the highest net market benefits and is therefore found to be the preferred option. This finding is robust across a wide range of future scenarios and sensitivity tests and is consistent with the finding of AEMO’s Integrated System Plan (ISP) 2 and our earlier PADR. Figure E.2 Preferred option for the South Australian Energy Transformation RIT-T, ‘Option C.3’ The preferred option3 is estimated to deliver net market benefits of around $900 million over 21 years (in present value terms), including wholesale market fuel cost savings in excess of $100 million per annum as soon as the interconnector is energised. These fuel cost savings are primarily driven by avoided high-cost South Australian gas generation. The new interconnector will place downward pressure on wholesale electricity prices with flow on benefits to customer pricing. Independent modelling by ACIL Allen estimates an annual average reduction in the typical residential customer bill of about $66 in South Australia and $30 in New South Wales, and an annual average reduction for small business customers of around $132 in South Australia and $71 in New South Wales.4 2 AEMO published its inaugural Integrated System Plan in July 2018. 3 The preferred option is defined as the option that maximises net market benefits under the RIT-T framework. 4 ACIL Allen, SA-NSW Interconnector – Updated Analysis of Potential Impact on Electricity Prices and Assessment of Broader Economic Benefits, February 2019. Page 5 of 214 SOUTH AUSTRALIA ENERGY TRANSFORMATION PACR 13 FEBRUARY 2019 The flow on effect of these reductions on the wider economy is substantial, with ACIL Allen projecting an increase in total real income over the longer term of $2.4 billion in South Australia and $4.0 billion in New South Wales (in present value terms)5 through the construction and ongoing operation of the interconnector.6 During construction, the project will generate over 200 regional jobs in South Australia and over 800 regional jobs in New South Wales. Based on the overall economic impact, the interconnector is projected to create 250 ongoing jobs in South Australia and 700 ongoing jobs in New South Wales. The interconnector has an estimated delivery time of 2022 to 2024, depending on the time taken to gain environmental and other necessary approvals. However, given the benefits that will be obtained as soon as the new interconnector is in place, we are working closely with the South Australian Government and TransGrid to undertake pre-approval works to bring forward the completion timeframe of the project as much as possible. Similarly, TransGrid is working with the New South Wales government which has committed to supporting preliminary works to bring forward project delivery. In December 2018, the South Australian and New South Wales governments signed a Memorandum of Understanding, which establishes a framework for cooperation between the two governments that seeks to expedite the delivery of the interconnector project. The South Australian Government’s underwriting of early works and the agreed framework for cooperation between governments increases the likelihood of achieving a 2022 delivery date. AEMO’s Integrated System Plan (ISP) has identified this investment as a ‘Group 2’ project that should proceed as soon as possible AEMO’s ISP confirms that the NEM is undergoing a fundamental transformation with large amounts of coal generation expected to close over the next
Load more

Recommended publications
  • F O R Im M E D Ia T E R E L E A
    Article No. 8115 Available on www.roymorgan.com Link to Roy Morgan Profiles Friday, 30 August 2019 Powershop still number one in electricity satisfaction, despite losing spark in recent months Powershop has won the Roy Morgan Electricity Provider of the Month Award with a customer satisfaction rating of 78% for July 2019. Powershop has now won the past seven monthly awards, remaining unbeaten in 2019. Powershop’s customer satisfaction rating of 78% was followed by Lumo Energy (71%), Simply Energy (70%), Click Energy (70%), Red Energy (70%) and Alinta Energy (70%). E These are the latest findings from the Roy Morgan Single Source survey derived from in-depth face-to- face interviews with 1,000 Australians each week and over 50,000 each year. Powershop managed to maintain its number one position in customer satisfaction, despite it recording the largest decline in ratings of any leading provider, falling from 87% in January 2019, to 78% (-9%) as of July 2019. Over the same period, Lumo Energy, Simply Energy and Click Energy all fell by 4%, Red Energy remained steady, and Alinta Energy increased its rating by 1%. Although Powershop remains well clear of its competitors, if its consistent downtrend in ratings continues for the next few months, we may well see another electricity provider take the lead in customer satisfaction. The Roy Morgan Customer Satisfaction Awards highlight the winners but this is only the tip of the iceberg. Roy Morgan tracks customer satisfaction, engagement, loyalty, advocacy and NPS across a wide range of industries and brands. This data can be analysed by month for your brand and importantly your competitive set.
    [Show full text]
  • Preliminary Incident Report - Trip of Torrens Island a and B West 275 Kv Busbars on 12 March 2021
    Preliminary Incident Report - Trip of Torrens Island A and B West 275 kV busbars on 12 March 2021 March 2021 A preliminary operating incident report for the National Electricity Market – information as at 16/03/2021 ABBREVIATIONS Abbreviation Term AEMC Australian Energy Market Commission AEMO Australian Energy Market Operator AEST Australian Eastern Standard Time LOR Lack of Reserve NEM National Electricity Market NER National Electricity Rules TNSP Transmission Network Service Provider © AEMO 2021 | Preliminary Incident Report - Trip of Torrens Island A and B West 275 kV busbars on 12 March 2 2021 Important notice PURPOSE AEMO has prepared this preliminary report as part of its review of the reviewable operating incident involving trip of Torrens Island 275 kV West busbar in South Australia on 12 March 2021 as a first step in reporting under clause 4.8.15(c) of the National Electricity Rules. The observations in this report will be updated in AEMO’s final operating incident report, where new information becomes available. DISCLAIMER AEMO has been provided with preliminary data by Registered Participants as to the performance of some equipment leading up to, during and after the event in accordance with clause 4.8.15 of the National Electricity Rules. In addition, AEMO has collated preliminary information from its own systems. Any analysis and conclusions expressed in this document are also of a preliminary nature. While AEMO has made every reasonable effort to ensure the quality of the information in this report, its investigations are incomplete, and any findings expressed in it may change as further information becomes available and further analysis is conducted.
    [Show full text]
  • Download Annual Report
    STRATEGY PERFORMANCE GROWTH From resources… ANNUAL REPORT 2007 Contents Financial calendar 2007/08 P.2 2007 Highlights P.30 Executive Management Team 3/9/07 Ex-dividend trading commences P. 4 Chairman’s Message P.31 Corporate Governance 10/9/07 Record date for fi nal dividend P.6 Managing Director’s Review P.39 Directors’ Report 3/10/07 Final dividend paid P.10 Case Study – Strategy in Action P. 44 Remuneration Report 31/10/07 Annual general meeting P.12 Operations Review P.61 Financial Statements 31/12/07 Half-year end – Exploration and Production P.80 Share and Shareholder Information 28/2/08 Half-year profi t announcement P.16 – Generation P.82 Exploration and Production Permits and Data 30/6/08 Financial year end P.18 – Retail P.84 Financial History P.22 – Contact Energy IBC Glossary of Terms Origin Energy Limited P.24 – Sustainability ABN 30 000 051 696 P.26 – Corporate P.28 Board of Directors …to customers It has been a year of signifi cant change for Origin Energy. We have consolidated our strategic focus on the competitive segments of the energy supply chain, and deepened the integration of our business, from resources to customers. Our performance, outlined in this report, demonstrates our ability to deliver earnings growth and predictable cash fl ows in a volatile energy market. 1 FROM RESOURCES TO CUSTOMERS 2007 HIGHLIGHTS • 5 July 2006 – Commenced sales from the BassGas Project. • 30 August 2006 – Prime Minister announces Origin Energy-led consortium to deliver Adelaide Solar City Project. • 29 September 2006 – Negotiated early termination of Mount Stuart Power Purchase Agreement, providing full operational fl exibility.
    [Show full text]
  • Eraring Battery Energy Storage System Scoping Report
    Eraring Battery Energy Storage System Scoping Report IS365800_Scoping Report | Final 25 March 2021 Origin Energy Eraring Pty Limited Scoping Report Origin Energy Eraring Pty Limited Scoping Report Eraring Battery Energy Storage System Project No: IS365800 Document Title: Scoping Report Document No.: IS365800_Scoping Report Revision: Final Document Status: For Lodgement Date: 25 March 2021 Client Name: Origin Energy Eraring Pty Limited Project Manager: Thomas Muddle Author: Ada Zeng, Carys Scholefield & Thomas Muddle File Name: IS365800_Origin_ Eraring BESS_Scoping Report_Final Jacobs Group (Australia) Pty Limited ABN 37 001 024 095 Level 4, 12 Stewart Avenue Newcastle West, NSW 2302 PO Box 2147 Dangar, NSW 2309 Australia T +61 2 4979 2600 F +61 2 4979 2666 www.jacobs.com © Copyright 2019 Jacobs Group (Australia) Pty Limited. The concepts and information contained in this document are the property of Jacobs. Use or copying of this document in whole or in part without the written permission of Jacobs constitutes an infringement of copyright. Limitation: This document has been prepared on behalf of, and for the exclusive use of Jacobs’ client, and is subject to, and issued in accordance with, the provisions of the contract between Jacobs and the client. Jacobs accepts no liability or responsibility whatsoever for, or in respect of, any use of, or reliance upon, this document by any third party. Document history and status Revision Date Description Author Checked Reviewed Approved 05 25/3/2021 Final A Zeng C Scholefield T Muddle T Muddle
    [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]
  • 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]
  • 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]
  • Australia's Climate Policy 2020
    Australia’s climate policy A de facto net zero target | August 2020 Norton Rose Fulbright is at the forefront of regulatory and market developments, providing advisory services on business risk and opportunities in relation to emissions regulation, carbon markets, offsets projects, clean energy, climate finance, sustainable development or resource scarcity. We bring a global perspective to the international patchwork of emerging policy and regulation, as well as trends in climate risk and climate change litigation. When you need help transitioning to a zero-carbon economy, we’re there. Australia’s climate policy The emerging patchwork | July 2020 Contents Introduction 04 State and Territory snapshot 05 Australian Capital Territory 06 New South Wales 08 Northern Territory 12 Queensland 16 South Australia 18 Tasmania 21 Victoria 23 Western Australia 26 Global Resources 29 Contacts 30 03 Australia’s climate policy The emerging patchwork | July 2020 Introduction This year, Australia experienced horrific bushfires, described In March 2020, the Climate Change Authority released a as the most “evident and deeply traumatic experience of the report making 35 recommendations, directed primarily to huge impacts of climate change” by Christiana Figueres, the the Federal Government, to assist with creating the policy Former Executive Secretary of The United Nations Framework settings necessary to meet our commitments under the Paris Convention On Climate Change.1 Also this year, the 2015 Agreement. Our update on that report can be found here Paris Agreement, which Ms Figueres helped to deliver, invites update. governments to set and communicate their long-term 2050 goals, and shorter term targets up to 2030 to decarbonise their As the business and financial community would attest to, economies.
    [Show full text]
  • Financial Performance of Government Trading Enterprises, 1994-95 to 1998-99, Performance Monitoring, Ausinfo, Canberra
    )LQDQFLDO 3HUIRUPDQFH RI *RYHUQPHQW 7UDGLQJ (QWHUSULVHV 3HUIRUPDQFH WR 0RQLWRULQJ July 2000 Commonwealth of Australia 1999 ISBN 1 74037 005 8 This work is subject to copyright. Apart from any use as permitted under the Copyright Act 1968, the work may be reproduced in whole or in part for study or training purposes, subject to the inclusion of an acknowledgment of the source. Reproduction for commercial use or sale requires prior written permission from AusInfo. Requests and inquiries concerning reproduction and rights should be addressed to the Manager, Legislative Services, AusInfo, GPO Box 1920, Canberra, ACT, 2601. Inquiries: Media and Publications Productivity Commission Locked Bag 2 Collins Street East Post Office Melbourne Vic 8003 Tel: (03) 9653 2244 Fax: (03) 9653 2303 Email: [email protected] An appropriate citation for this paper is: Productivity Commission 2000, Financial Performance of Government Trading Enterprises, 1994-95 to 1998-99, Performance Monitoring, AusInfo, Canberra. The Productivity Commission The Productivity Commission, an independent Commonwealth agency, is the Government’s principal review and advisory body on microeconomic policy and regulation. It conducts public inquiries and research into a broad range of economic and social issues affecting the welfare of Australians. The Commission’s independence is underpinned by an Act of Parliament. Its processes and outputs are open to public scrutiny and are driven by concern for the wellbeing of the community as a whole. Information on the Productivity Commission, its publications and its current work program can be found on the World Wide Web at www.pc.gov.au or by contacting Media and Publications on (03) 9653 2244.
    [Show full text]
  • In This Edition Virtual Events Update
    A weekly analysis updating you on the latest developments in the infrastructure sector. View the full report in your browser. Follow us on In this edition Virtual Events Update Registrations of Interest called for Renewable Energy Zone in Central-West NSW Productivity Commission kicks off second inquiry into National Water Reform NSW and Victorian governments continue fast-tracking planning approvals NSW Minister for Customer Service provides an exclusive briefing Industry News Appointments Virtual Policy Taskforces and Events Virtual Events Update This week, Infrastructure Partnerships Australia refreshed its virtual events program to focus on quality, over quantity and delivering you the best events, with the right speakers, at the right time. As part of the refresh, the weekly webinar slot on Thursday mornings will now move to a more dynamic model to provide the best and most timely content. Over the coming weeks you’ll see a range of sector leaders on our events platform, including Gladys Berejiklian, Premier of New South Wales, Ben Wyatt MP, Treasurer of Western Australia, and Tim Reardon, Secretary, NSW Department of Premier and Cabinet, among others. That means you can be confident an invite to an Infrastructure Partnerships Australia virtual event will be worth making time for. We led the delivery of live and interactive virtual events and we’ll continue to innovate and evolve our service offering to keep you connected with the sector through the COVID-19 crisis and beyond. BACK TO TOP ENERGY Registrations of Interest called for Renewable Energy Zone in Central-West NSW The NSW Department of Planning, Industry and Environment (DPIE) has requested Registrations of Interest (ROIs) for the state’s first pilot Renewable Energy Zone (REZ) in the Central- West region.
    [Show full text]