PIAC made a submission to the Australian Energy Regulator’s (AER) Value of network resilience 2024 issues paper.
Clearer and more consistent guidance on resilience is necessary to assist network service providers develop appropriate responses to the impacts associated with increasingly frequent and severe weather events due to climate change. However, PIAC does not consider a set value of network resilience (VNR) necessary to achieve this end and does not support the creation of an enduring VNR.
We are not confident the proposed methodology is sufficiently robust to establish a meaningful difference between network resilience and the established concept of reliability. As such, there is a risk the proposed VNR stimulates network business expenditure to improve reliability beyond what consumers are willing to pay.
