PIAC made a submission to the Australian Energy Market Commission’s (AEMC) Transmission Planning and Investment Review – Stage 2 Draft Report.
In this submission we expressed concern that existing arrangements do not support appropriately funding transmission infrastructure where the primary beneficiaries are new generators. This results in inefficient transmission investment, leaving consumers with unfair and unmanageable costs and risks and slowing the deployment of renewables.
PIAC called on market bodies to address the lack of provisions requiring generators to contribute to the costs of new shared transmission. We argued that investment should be subject to a robust, transparent and fit-for-purpose regulatory regime that ensures it is in the consumer interest and does not burden them with costs they do not benefit from and risks they cannot manage.
