Annual Report

Recommendations

Info

96 Appendices (cont.) (d) Improving demand side participation information provided to AEMO by registered participants – effective 26 March 2015, this rule allows AEMO to set guidelines requiring distributors to provide it with Demand Side Participation Information (DSP Information), which AEMO will use in making its short and long term load forecasts. AEMO must have regard to registered participants' costs of compliance when making guidelines and must publish details annually on the extent to which DSP Information it has obtained has informed the development or use of its electricity load forecasts. Significant judicial decisions, new codes of practice and compliance exemptions Distributor Licence Conditions The Minister for Energy reviewed and varied conditions relating to reliability and performance in distributor licenses pursuant to the Electricity Supply Act 1995 (NSW), effective from 1 July 2014. The new conditions, among other things, specify minimum reliability performance for individual feeders and minimum average reliability performance for distributors across their network, by feeder type. Distributors must compensate customers that receive poor supply reliability from the distributor. Distributors must also make quarterly reports to the Minister relating to individual feeder standards, network overall reliability standards and customer service standards. The Federal Court handed down its decision in SPI Electricity Pty Ltd v Australian Energy Regulator [2014] FCA 1012 on 17 September 2014. SPI Electricity Pty Ltd (SPI), a distributor in Victoria, applied for judicial review of a decision by the AER in respect of SPI's budget for the 2012‐2015 period for the installation of advanced meters in residential premises and small business premises in Victoria. SPI alleged that the AER had failed to take into account costs that would be incurred by a reasonable business in SPI's circumstances to switch from the current technology employed to the advanced meters. The Court found that the AER’s Amended Budget Determination was not affected by reviewable error. The AER had conceived and taken into account hypothetical steps that might or could have been undertaken by a hypothetical reasonable business to fund relevant hypothetical expenditure. The Court noted that the exercise which the AER was required to perform was essentially hypothetical. Accordingly, the Court found that the AER’s amended budget determination was not affected by reviewable error and dismissed the application Bob's Farm incident Occupational health and safety prosecution proceedings were initiated by the WorkCover Authority of NSW against Ausgrid following an incident on 29 October 2010 in which an Ausgrid employee was injured. Ausgrid entered a plea of guilty in the District Court and the sentencing hearing took place on 28 July 2014. The Court handed down its judgment on 7 August 2014 and fined Ausgrid $100,000. Kogarah incident Occupational health and safety prosecution proceedings were initiated by the WorkCover Authority of NSW against Ausgrid following an incident on 5 June 2010 at a property on the Princes Highway at Kogarah. At the time, Ausgrid’s principal contractor Diona Pty Ltd was undertaking trench excavation works on the project. Diona’s sub‐contractor Fer‐Aim Pty Ltd was excavating outside the property when the brick building façade subsided. Ausgrid entered a plea of guilty to an amended charge in the District Court and the sentencing hearing took place on 24 June 2015. The Court handed down its judgment on 26 June 2015 and fined Ausgrid $37,500.
Ausgrid – Annual Report 2014/15 97 Glossary Electricity kW kilowatt kWh kilowatt hour MW megawatt MWh megawatt hour GWh gigawatt hour STS STSS HV high voltage LV low voltage One kW = 1000 watts The standard unit of energy which represents the consumption of electrical energy at the rate of one kilowatt for one hour One MW = 1000 kW or one million watts One MWh = 1000 kilowatt hours One GWh = 1000 megawatt hours or one million kilowatt hours Sub transmission substation (Sub transmission system consists of 33kV, 66kV and 132kV assets) Sub transmission switching station Consists of 5 kV, 11 kV and 22 kV distribution assets Consists of 240V and 415V distribution assets Other AASB Australian Accounting Standards Board AER Australian Energy Regulator API Australian Power Institute ARSBR Annual Reports (Statutory Bodies) Regulation 2005 CBD Central Business District CEATI Centre for Energy Advancement through Technological Innovation CEO Chief Executive Officer CIGRE International Council on Large Electric Systems CO 2 ‐e Carbon dioxide equivalent COTA Council of the Ageing DBYD Dial Before You Dig DPI Department of Primary Industries EBIT Earnings Before Interest and Tax EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation EEO Equal employment opportunity ELG Executive Leadership Group EPA Environmental Protection Act esaa Energy Supply Association of Australia FTE Full‐time equivalent GIS Geographical Information System GREP Government Resource Efficiency Policy GRI Global Reporting Initiative GST Goods and services tax
Page 1 and 2:
Annual Report 2014/15
Page 3 and 4:
Ausgrid - Annual Report 2014/15 3 A
Page 5 and 6:
Ausgrid - Annual Report 2014/15 5 T
Page 7 and 8:
Ausgrid - Annual Report 2014/15 7 O
Page 9 and 10:
Ausgrid - Annual Report 2014/15 9 T
Page 11 and 12:
Ausgrid - Annual Report 2014/15 11
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46: Ausgrid - Annual Report 2014/15 45
Page 71 and 72: Ausgrid and Controlled Entity State
Page 73 and 74: Ausgrid and Controlled Entity Indep
Page 81 and 82: Ausgrid Pty Limited ACN 060 979 688
Page 95: Ausgrid - Annual Report 2014/15 95
show all

Annual Report

Create successful ePaper yourself

Delete template?

Save as template?