TransGrid on track to deliver additional $30m of savings to electricity consumers

7/02/2014

​TransGrid has commenced the provision of Network Support and Ancillary Services (NSCAS) to the National Electricity Market (NEM) with the commissioning of a new voltage control device at Yass Substation.

This is the first in a series of similar voltage control equipment to be commissioned over the next two months at TransGrid’s Yass and Murray Substations. TransGrid secured the contract to provide these NSCAS services to the Australian Energy Market Operator (AEMO) after a competitive tender process.

“The first device was delivered well ahead of schedule and is providing significant savings to the National Electricity Market,” said Gerard Reiter, TransGrid’s Executive General Manager, Capital Program Delivery.

“By fast-tracking the delivery of the voltage control devices and making them available to AEMO, we expect to provide total savings to the market in the order of $30 million over the next 5 years.

“These benefits are expected to ultimately flow through to electricity consumers in NSW and the ACT.

“TransGrid is extremely pleased to be able to provide these savings to the market which demonstrates both our ability to operate successfully in the competitive environment and deliver commercial benefits and savings to the market and consumers,” Mr. Reiter said.

NSCAS are non-market ancillary services acquired by AEMO or Transmission Service Providers, to maintain power system security and reliability and to maintain or increase the power transfer capability of the transmission network.