VNI WEST DRAFT STAGE 1 CONTINGENT PROJECT APPLICATION
We are pleased to provide our draft Contingent Project Application for early works for the Victorian to New South Wales (NSW) Interconnector West (VNI West or the Project) (draft Stage 1 Application).
Stakeholder engagement on our draft Stage 1 Application is important due to the significant costs involved. Please refer to the following document for further details:
- VNI West Draft CPA-1 Principal Application - This document sets out sets out our proposed expenditure, the associated incremental revenue requirement and the indicative customer bill impacts for Stage 1 activities.
- VNI West Draft CPA-1 Direct Capex Forecast Method – This document explains and justifies our Stage 1 direct capex forecast
- VNI West Draft CPA-1 Labour & Indirect Capex Forecast Method – This document explains the bottom-up forecast of labour and indirect support costs required for the development and approvals work, management of the early works program, and overall project management
We invite feedback from the AER, our customers and other stakeholders on this draft Application to inform our final Stage 1 Application.
Please share with us your views and position on this draft Stage 1 Application by email at: email@example.com by 22 September 2023. This will allow us to reflect the feedback we receive into our formal Stage 1 Application, which we will submit to the AER following feedback loop confirmation from AEMO.
The process for setting revenue is referred to as the Transmission Revenue Reset and takes place every five years.
Transmission Revenue Reset Process
We are the only provider of prescribed transmission services in our service area.
The prices that we charge as a transmission network service provider (TNSP) are therefore regulated by the Australian Energy Regulator (AER) under the National Electricity Rules (NER). This ensures that the revenue we can recover from our customers for providing our transmission services is efficient.
We are required to lodge a Revenue Proposal with the AER every five years so that it can set the revenue we can recover from our customers for providing transmission services. The AER’s determination approves the levels of capital investment, operating cost and overall funding required to complete our program of work.