PIAC made a submission to the Australian Energy Market Commission’s (AEMC) Transmission Planning and Investment Review – Stage 3 Draft Report.
In this submission we highlighted the need for the economic assessment process to encourage not only timely but efficient delivery of transmission investment. Rather than starting from the objective of minimising project delivery times, it is essential to ensure the right transmission is built in the first instance. To this end, we provided advice on where the regulatory treatment for major projects can be simplified, made more timely, and provide more certainty.
PIAC continues to call for the regulatory framework for transmission investments to be changed to allow transmission costs and risks to be shared more fairly between consumers, generators, and investors.
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