Transgrid proposes reduction in NSW transmission tariffs

16/02/2017

Recently privatised NSW grid owner TransGrid is proposing a cut in tariffs over the next five years, despite a sharp rebound in electricity demand and a proposed $375 million investment to improve connections into Sydney's CBD.

In a proposal to the national energy regulator, to be released publicly on Friday, Transgrid is proposing a cut of 2.5 per cent in transmission tariffs on average in the five years to 2022-23 compared to the previous five years, said chief executive Paul Italiano.

Transgrid said its forecast capex would cost a consumer less than $5 a year.

View the full article via the Australian Financial Review. (Subscription required.)
Photo credit: Paul Jones for the Australian Financial Review.