The energy environment is undergoing considerable changes. As we move into the future, transmission businesses need to plan for changes in demand and predict other influences.
We have been investing significant resources into planning and forecasting both network demand and expected expenditure.
As NSW and the ACT's operator of the electricity transmission network and a regulated monopoly, our operations are overseen by the Australian Energy Regulator (AER). The AER's role is to protect the long term interests of electricity users through ensuring customers receive the level of service they require at a price they are willing to pay.
Some of the key outputs from our business planning cycle includes:
- Our five year Revenue Proposal to the AER
- Our annual planning review to identify constraints in our network over the next 10 years
- A long term network vision to identify expected trends up to 40 years into the future of our network.
In recognition of the importance of community engagement, TransGrid is opening its planning processes and has redefined the way in which it engages with the community on capital works programs.
Conversations with the community now start in the early planning stages, when a need is identified to address an energy problem to give consumers a voice in the development of TransGrid's business plans.