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Powering Sydney's Future - end of year briefing
- 1. 1 | The role of networks in a changing market dynamic September 2014 Powering Sydney’s Future Greg Garvin and Stephen Clark December 2014
- 2. 2 | Powering Sydney’s Future End of Year Briefing December 2014 End of year project briefing Greg Garvin – Strategy and Stakeholder Engagement, General Manager • Recap on the project • Early engagement • Summary of what we have learned Stephen Clark – Network Planning and Performance, Executive General Manager • Project planning update • Next steps
- 3. 3 | Powering Sydney’s Future End of Year Project Briefing December 2014 Greg Garvin Strategy and Stakeholder Engagement, General Manager
- 4. 4 | Powering Sydney’s Future End of Year Briefing December 2014 Project overview
- 5. 5 | Powering Sydney’s Future End of Year Briefing December 2014 Redefining how we engage
- 6. 6 | Powering Sydney’s Future End of Year Briefing December 2014 Early engagement
- 7. 7 | Powering Sydney’s Future End of Year Briefing December 2014 Project initiatives
- 8. 8 | Powering Sydney’s Future End of Year Briefing December 2014 Manage demand - Prioritise clean green solutions - Continue to advocate for non-network initiatives
- 9. 9 | Powering Sydney’s Future End of Year Briefing December 2014 Innovate Drive innovation Promote smarter pricing
- 10. 10 | Powering Sydney’s Future End of Year Briefing December 2014 Engage Continue to engage and collaborate Put planning into action
- 11. 11 | Powering Sydney’s Future End of Year Briefing December 2014 Responding to feedback > Website information > Initiative workshops > End of year briefing > Involvement from regulatory bodies and government > Advocacy and regulatory reform > Enhanced project awareness and collaboration
- 12. 12 | Powering Sydney’s Future End of Year Project Briefing December 2014 Stephen Clark Network Planning and Performance, Executive General Manager
- 13. 13 | Powering Sydney’s Future End of Year Briefing December 2014 Traditional approach to planning the network Construction lead time Upgraded capacity Projected peak demand Available capacity When new capacity is expected to be needed MW Years
- 14. 14 | Powering Sydney’s Future End of Year Briefing December 2014 Demand forecasts can be wrong 40.0 60.0 80.0 100.0 120.0 140.0 160.0 Summer Maximum Demand (MW) Actual 2002 Forecast 2003 Forecast 2004 Forecast 2005 Forecast 2006 Forecast 2007 Forecast 2008 Forecast 2009 Forecast 2010 Forecast 2011 Forecast 2012 Forecast 1997 2023
- 15. 15 | Powering Sydney’s Future End of Year Briefing December 2014 Others are worse Treasury nominal GDP growth forecasts -2-101234567891011-2-101234567891011Per centPer centJune 2012 published outcomeForecast evolution Budget forecast
- 16. 16 | Powering Sydney’s Future End of Year Briefing December 2014 Others are worse RBA forecasts with confidence intervals
- 17. 17 | Powering Sydney’s Future End of Year Briefing December 2014 Introducing a demand range Construction lead time Upgraded capacity Projected peak demand Available capacity When new capacity is expected to be needed Even if demand growth is slower, new capacity will be needed at some point MW Years
- 18. 18 | Powering Sydney’s Future End of Year Briefing December 2014 An adaptive planning approach
- 19. 19 | Powering Sydney’s Future End of Year Briefing December 2014 New forecast for inner Sydney
- 20. 20 | Powering Sydney’s Future End of Year Briefing December 2014 Revenue Proposal Date Milestone November 2014 Draft determination published January 2015 TransGrid reply to AER 6 February 2015 Submissions close April 2015 AER final determination Pre-emptive network support Demand management innovation fund Land acquisition
- 21. 21 | Powering Sydney’s Future End of Year Briefing December 2014 Next Steps > Develop responsive network options > Grow demand management > Advocate for the refinement of reliability standards > Continue to engage and collaborate 2015 2019 2023 Project planning Demand management Network solution Ongoing monitoring of asset conditions and load growth September 2015 – New forecast data 2016 – Preparation for network solution
- 22. 22 | Powering Sydney’s Future End of Year Briefing December 2014 Questions
- 23. 23 | Powering Sydney’s Future End of Year Project Briefing December 2014