AusNet Services is undertaking this Regulatory Investment Test for Transmission (RIT-T) to evaluate options to maintain a reliable transmission service at Sydenham Terminal Station (SYTS). Options investigated in this RIT-T are intended to mitigate the risk of an asset failure at SYTS.
Publication of this Project Specification Consultation Report (PSCR) represents the first step in the RIT-T process in accordance with clause 5.16 of the National Electricity Rules (NER) and section 4.2 of the RIT-T Application Guidelines.
AusNet Services determined that the present value of the baseline risk cost associated with maintaining the existing assets in service is more than $187 million – the biggest component of which comes from the impact on the market of an asset failure. AusNet Services is therefore investigating options that could allow continued delivery of safe and reliable transmission network services at SYTS.
AusNet Services welcomes written submissions on the issues and the credible options presented in this PSCR. Submissions should be emailed to rittconsultations@ausnetservices.com.au on or before 15 March 2021. In the subject field, please reference ‘RIT-T PSCR Sydenham Terminal Station.’