Registration is now open for a public forum on 26 November to discuss two rule change requests being considered by the AEMC on the financeability of Integrated System Plan (ISP) projects

The Commission is holding the forum to give stakeholders the opportunity to discuss the two requests:

  • TransGrid participant derogation – financeability of ISP projects ERC0320 
  • ElectraNet participant derogation – financeability of ISP projects ERC0322 

Participants can ask questions and clarify any issues directly with proponents before the submissions process closes. They will also hear from the Australian Energy Regulator on its related work program. 

TransGrid (NSW) and ElectraNet (SA) have requested that two aspects of the revenue setting arrangements under the rules should be modified for their respective share of ISP projects. They suggest that the current rules affect cash flows and project financeability. 

The proponents have each requested a participant derogation which, if approved, would:

  • remove the regulatory asset base indexation, resulting in the regulatory framework targeting a nominal instead of a real rate of return
  • modify the timing of depreciation in relation to their actionable ISP projects. These ISP projects include, but are not limited to:
    • Project EnergyConnect, a 330kV interconnector between NSW and South Australia
    • Humelink, an interconnection project to support Snowy 2.0
    • Victoria-NSW interconnection (VNI) upgrades.

The AEMC released a consultation paper on the requests 5 November 2020. Submissions close on 3 December.

Interested stakeholders can register for the forum via the link below, by COB 25 November 2020. Registered participants will receive further details and an agenda ahead of the event. 

Background reading 

Register here for the public forum.

Contact details

Forum information for participants: Alex Oeser at alex.oeser@aemc.gov.au
Media: Kellie Bisset, Media and Content Manager M: 0438 490 041