Endeavour Energy Annual Performance Report - Parliament of New ...
Endeavour Energy Annual Performance Report - Parliament of New ...
Endeavour Energy Annual Performance Report - Parliament of New ...
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Implementation <strong>of</strong><br />
Price Determinations<br />
Network Prices 2010-11<br />
Each June the Australian <strong>Energy</strong><br />
Regulator (AER) is required to approve<br />
<strong>Endeavour</strong> <strong>Energy</strong>’s proposed network<br />
prices for the upcoming financial year.<br />
On 3 June 2011 the AER advised that<br />
<strong>Endeavour</strong> <strong>Energy</strong>’s pricing proposal<br />
was compliant with Part 1 <strong>of</strong> the<br />
transitional Chapter 6 National Electricity<br />
Rules and the AER’s 2009 distribution<br />
determination and that all forecasts<br />
associated with the proposal were<br />
reasonable. The AER approved 2011–12<br />
network prices are effective 1 July 2011.<br />
<strong>Endeavour</strong> <strong>Energy</strong>’s network tariff<br />
strategy aims to efficiently and<br />
responsibly signal the costs associated<br />
with increased demand and network<br />
congestion while recovering the<br />
necessary revenues to support our<br />
investment programs.<br />
Consistent with the tariff strategy,<br />
<strong>Endeavour</strong> <strong>Energy</strong>’s network prices are<br />
designed to:<br />
Attain revenue sufficiency within the<br />
regulatory framework.<br />
Overseas Travel<br />
• Signal the long run marginal cost<br />
<strong>of</strong> supply through network tariffs.<br />
• Manage adjustment in a socially<br />
responsible manner.<br />
• Improve cost reflectivity and<br />
reduce revenue variability.<br />
• Preserve TransGrid’s transmission<br />
price signals where possible.<br />
• Encourage tariff and non-tariff<br />
based demand management<br />
opportunities, including voluntary<br />
time <strong>of</strong> use tariffs and tariffs that<br />
target network constraints on a<br />
locational basis.<br />
Regulated Retail Determination<br />
2010–13<br />
On 1 March 2011, <strong>Endeavour</strong> <strong>Energy</strong><br />
(formerly known as Integral <strong>Energy</strong><br />
Australia) completed the sale <strong>of</strong> its retail<br />
business (including the name Integral<br />
<strong>Energy</strong> Australia) to Origin <strong>Energy</strong> as<br />
part <strong>of</strong> the NSW Government’s energy<br />
reform strategy.<br />
As at 1 March 2011, Origin <strong>Energy</strong><br />
assumed the role <strong>of</strong> Standard Retail<br />
Supplier for customers within the<br />
<strong>Endeavour</strong> <strong>Energy</strong> network supply area.<br />
The Independent Pricing and Regulatory<br />
Tribunal (IPART) regulates the prices that<br />
a Standard Retail Supplier may charge<br />
customers whose electricity is supplied<br />
under a standard form supply contract.<br />
On 14 June 2011, IPART released<br />
its review into the total energy cost<br />
allowance and the subsequent impact on<br />
regulated retail charges to apply from 1<br />
July 2011.<br />
For a typical medium sized residential<br />
customer using 7,000 kWh per annum,<br />
IPART has estimated that the regulated<br />
retail price will increase on average by<br />
15.5% in 2011–12. Customers supplied<br />
within the Ausgrid and Essential<br />
<strong>Energy</strong> network areas are estimated<br />
to experience a regulated retail price<br />
increase <strong>of</strong> 17.9% and 18.1%, respectively.<br />
The two main drivers <strong>of</strong> this increase<br />
are the AER approved rise in network<br />
charges (approximately 47% <strong>of</strong> the<br />
increase) and the new costs arising from<br />
changes to the Renewable <strong>Energy</strong> Target<br />
(RET) scheme (approximately 40% <strong>of</strong> the<br />
increase). The remainder <strong>of</strong> the increase<br />
is the result <strong>of</strong> increased wholesale<br />
energy costs and retail costs and margin.<br />
Date from Date to Name Destination Purpose<br />
18 August 2010 19 August 2010 Peter Norrie India Switchgear Factory Inspection<br />
21 August 2010 27 August 2010 Graeme Browne<br />
Arvind Reddy<br />
South Korea<br />
Factory Acceptance Testing<br />
<strong>of</strong> Switchboard<br />
3 September 2010 18 September 2010 Joseph Pizzinga <strong>New</strong> York/Bermuda/<br />
London/Zurich<br />
GLIS Overseas Insurer presentations<br />
6 November 2010 13 November 2011 Abdul Qureshi Vietnam Witness testing <strong>of</strong> Transformers<br />
11 November 2010 13 November 2010 Rod Howard <strong>New</strong> Zealand 2010 <strong>Annual</strong> Meeting – Australian National<br />
Committee <strong>of</strong> CIGRE<br />
7 January 2011 12 January 2011 Abeyratne Jude<br />
Presanne Perera<br />
Sri Lanka<br />
Cable Factory Inspection<br />
4 February 2011 19 February 2011 Abdul Qureshi South Korea Cable Factory Inspection<br />
3 May 2011 6 May 2011 Ge<strong>of</strong>f Woods <strong>New</strong> Zealand CIGRE Meeting<br />
6 May 2011 24 May 2011 David Campbell<br />
Peter Langdon<br />
6 May 2011 22 May 2011 Rod Howard<br />
Matthew Webb<br />
United States –<br />
United Kingdom<br />
– Iceland – Ireland<br />
– Hong Kong<br />
United States –<br />
United Kingdom –<br />
Portugal – Italy<br />
Study visit – Field Force Automation and<br />
Customer Reliability Improvements<br />
Study visit – Developments in Smart Grid<br />
12 June 2011 16 June 2011 Glen Ford India Transformer Factory Inspection<br />
<strong>Endeavour</strong> <strong>Energy</strong> <strong>Annual</strong> <strong>Performance</strong> <strong>Report</strong> 2010–11<br />
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