by AEC
Careful Assessment Vital For Grid Projects
It is important that projects supported under the NSW Transmission Infrastructure Strategy undergo careful cost benefit analysis to demonstrate they will deliver value for the market, the Australian Energy Council said today.
The AEC’s Chief Executive Sarah McNamara said she understood the desire to fast-track transmission projects but that the investment case still needs to be carefully made.
“This is essential to both protect customers from unnecessary costs, and provide competitive industry confidence, as well as transparency in the way the network is developed.
“There is also a need, in an interconnected national market, to avoid state variations to the nationally agreed approach for transmission investment.
“The NSW Government’s strategy appears to be seeking to accelerate the initial stages of analysis for NSW projects but remains committed to a national process with respect to the investment case.
“The continued commitment to the national process is welcomed. It is important to maintain a stable and transparent process which occurs through the existing investment test.
“In that way we can minimise market investor risks and ultimately protect customers.”
About the Australian Energy Council
The Council represents 22 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.
Related News
Statement from the Alliance of Industry Associations on the Economic Reform Roundtable
An alliance of nearly 30 groups representing Australia's small, medium and large businesses, universities, farmers, pharmacies and the investment community is calling for red-tape tape reduction, planning and major project approvals reform, an innovation agenda, and a process for productive tax reform that doesn't raise costs for consumers or businesses, ahead of the Economic Reform Roundtable.
AEC Congratulates Minister Bowen and Assistant Minister Wilson on their Reappointments
The peak body for energy retailers and generators, the Australian Energy Council, congratulates the Hon.
Delivering on Australia’s Energy Transition
The peak body for energy retailers and generators, the Australian Energy Council, congratulates the Labor Party on its re-election and encourages the Government to prioritise sustainable, enduring energy policies that provide investment certainty at lowest cost.
Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.