Network investment the issue: "To meet growing peak power needs, regulated network investment in NSW of $9 billion has been committed over the 5 year regulatory period – this is a staggering $2 billion per annum – this is more than 5 times the annual capital expenditure required to build 400MW of intermediate generation (combined cycle gas plant). The key issue for future investment in the NSW electricity system is therefore about network investment – generation investment pales into insignificance.
DM and efficiency needed: "NSW is significantly outspending other states in Australia on network investment: to deal with this issue NSW desperately needs to implement strong demand management and energy efficiency programs, to bring these costs under control while concurrently providing a greenhouse reduction benefit," the submission added.
Reference: Australian Business Council for Sustainable Energy, Submission to the Owen Inquiry into Electricity Supply in NSW. Suite 301, 3rd Floor 60 Leicester St Carlton Victoria 3053, Tel. +61 3 9349 3077, Fax. +61 3 9349 3049
Erisk Net, 6/2007