From the
editor’s desk…
Welcome
to Pipes & Wires #150. This issue has a focus on regulatory models and
determinations in New Zealand, Australia and Italy, but in between discusses
the following issues…
· A report from the nuclear fuel cycle Royal Commission in
South Australia.
· A look back 30 years to what happened at Chernobyl.
· What will hopefully be the final hurdle for the Exelon –
Pepco merger.
· A possible political u-turn in Western Australia that could
lead to Western Power being privatised.
So …
until next month, happy reading…
Regulatory decisions
Aus – Tribunal rules on recent revenue determinations
Introduction
Previous
issues of Pipes & Wires examined the Australian Energy
Regulator’s (AER) recent electricity and gas distribution revenue
determinations for the Australian states of New South Wales and South Australia,
and for the Australian Capital Territory. Pipes & Wires #146 and #148 noted the challenges to the electricity determinations by some
of the applicants. This article examines the first of two outcomes of those
challenges.
Legal framework for the appeals
The
legal framework for the appeals are as follows…
· s71B of the National Electricity Law.
· s245 of the National Gas Law.
These
appeals are the first to occur under the recently reformed limited merits
review regime.
The appeals to the Australian Competition Tribunal
The
appeals made to the Tribunal were…
· ActewAGL, AusGrid, Endeavour Energy and Essential Energy appealed to the Tribunal in June 2015.
· Jemena Gas
Networks in June 2015.
· SA Power Networks appealed to the Tribunal in November 2015.
The
basis of the appeals was that the AER had made material errors in calculating some
key components of each determination.
The
Tribunal’s ruled in favor of the appellants on the following issues…
· Operating expenses (OpEx).
· Some components of the allowable return on debt.
· Value of gamma.
· ActewAGL’s service target performance incentive scheme
(STIPS) allowance.
The
Tribunal ruled in favor of the AER on the following issues…
· Allowable return on equity.
· Some components of the allowable return on debt (noting that
the transitional approach to the trailing average cost of debt was referred
back to the AER).
· Efficiency benefit sharing schemes.
· Some metering issues.
Of
particular significance is the Tribunal’s view that the AER must use a broader
range of modelling and benchmarking to determine the allowable OpEx, including
a bottom up review.
The final outcome
The
Tribunal’s rulings have not resulted in a set of re-determined revenues, but
rather have provided guidance to the AER on how it should re-determine those
revenues. Pipes & Wires will examined those re-determined revenues as they
emerge.
Aus – Court dismisses judicial review of solar tariff rejection
Introduction
Electric
companies are seeking to introduce special solar tariffs to ensure that rooftop
solar customers pay their fair share of the distribution charges. This article
notes an attempted legal challenge over a proposed solar tariff in South
Australia.
SA Power Networks’ proposed solar tariff
The Annual Pricing Proposal submitted by SA Power Networks for the 12 months commencing
on 1st July 2015 originally included a solar component, which it was
estimated would cost a customer with rooftop solar about an extra $100 per
year. SA Power Networks notes that a typical house with rooftop solar has an
annual load factor that is about 20% less favorable than a non-solar house
(hence the kWh revenue is substantially less).
The Australian Energy Regulator’s determination
On the
19th June 2015 the Australian Energy Regulator (AER) advised SA Power Networks that inter alia
its proposed Solar Tariff did not comply with Clause 6.18.4(a)(3) of the
National Electricity Rules which requires customers with micro-generation to be
treated no less favorably than non-generating customers with similar load
profiles. In its determination, the AER said that it was not satisfied that SA
Power Networks had demonstrated that solar and non-solar customers have
sufficiently dissimilar load profiles.
The
AER required SA Power Networks to inter
alia remove the Solar Tariff from its Proposal and re-submit the Proposal within 10 working days (which it did). The AER subsequently
approved the re-submitted Proposal.
The proposed legal challenge
SA
Power Networks subsequently applied to the Federal Court for a judicial review
of the AER’s determination. The Court dismissed that application on the basis
that the AER has correctly applied the pricing principle set out in Clause
6.18.4(a)(3), and did not make a reviewable error.
The philosophical debate
Putting
aside the AER’s correct interpretation of the Rules, the battle line in this
(and all similar tariff disputes) is whether solar customers should be able to
continue to contribute less to the distribution costs than non-solar customers
due to the kWh cost-recovery mechanism. Some of the statements made in this
case and in others around the world suggest that solar advocates genuinely
believe they are entitled to a subsidy.
Aus – the 2016-2020 Victorian electricity revenue
determinations
Introduction
The
five electricity distribution businesses in the Australian state of Victoria
recently submitted their Revised Regulatory Proposals to the Australian Energy
Regulator (AER) for the 5 year regulatory period starting on 1st
January 2016. This article examines progress now that the Revised Proposals
have been submitted.
The regulatory framework
The
regulatory framework has its basis in s7 of the National Electricity Law, which states the National Electricity Objective which is inter alia to promote efficient
investment in electricity services for the long-term benefit of consumers. Chapter 6 of the National Electricity Rules sets out the details for economic regulation of
distribution services.
Key features of the process to date (AusNet Services)
Key
features of the process to date include…
Parameter |
Initial
Proposal ($
nominal) |
Preliminary
Determination |
Revised
Proposal |
Final
Determination |
Total
OpEx |
$1,356m |
$1,191m |
$1,018.8m |
|
Total
CapEx |
$1,690m |
$1,471.1m |
$1,749.3m |
|
Opening
RAB |
$3,547m |
$3,423.3m |
$3,444.6m |
|
Regulatory
depreciation |
$478m |
$368.7m |
$519.2m |
|
Unsmoothed
revenue |
$3,567m |
$2,878m |
$3,812.4m |
|
X |
0% |
8.12% |
8.43%, -31.74% |
|
Key features of the process to date (CitiPower)
Key
features of the process to date include…
Parameter |
Initial
Proposal ($
nominal) |
Preliminary
Determination |
Revised
Proposal |
Final
Determination |
Total
OpEx |
$502m |
$445.8m |
$462.4m |
|
Total
CapEx |
$848m |
$659m |
$825.8m |
|
Opening
RAB |
$1,804m |
$1,795.1m |
$1,802.6m |
|
Regulatory
depreciation |
$297m |
$304.6m |
$318.5m |
|
Unsmoothed
revenue |
$1,718m |
$1,413.7m |
$1,572.2m |
|
X |
-3.5% |
6.75% to -0.45% |
6.75% to -0.45% |
|
Key features of the process to date (Jemena)
Key
features of the process to date include…
Parameter |
Initial
Proposal ($
nominal) |
Preliminary
Determination |
Revised
Proposal |
Final
Determination |
Total
OpEx |
$499m |
$390m |
$471m |
|
Total
CapEx |
$841.2m |
$773.6m |
$862.5m |
|
Opening
RAB |
$1,190.8m |
$1,187.0m |
$1,187m |
|
Regulatory
depreciation |
$243.2m |
$237.7m |
$264.5m |
|
Unsmoothed
revenue |
$1307.7m |
$1,082.3m |
$1,429.9m |
|
X |
About -1% |
9.2%, 8.5%, 1% |
9.2%, -27%, -2% |
|
Key features of the process to date (Powercor)
Key
features of the process to date include…
Parameter |
Initial
Proposal ($
nominal) |
Preliminary
Determination |
Revised
Proposal |
Final
Determination |
Total
OpEx |
$1,334m |
$1,256m |
$1,252.3m |
|
Total
CapEx |
$2,006m |
$1,610m |
$1,783m |
|
Opening
RAB |
$3,363m |
$3,344m |
$3,357.6m |
|
Regulatory
depreciation |
$504m |
$503m |
$526m |
|
Unsmoothed
revenue |
$3,662m |
$3,086m |
$3,303m |
|
X |
-3% |
8%, -0.8% |
8%, -0.8% |
|
Key features of the process to date (United Energy)
Key
features of the process to date include…
Parameter |
Initial
Proposal ($
nominal) |
Preliminary
Determination |
Revised
Proposal |
Final
Determination |
Total
OpEx |
$800m |
$711m |
$781m |
|
Total
CapEx |
$1,104m |
$815m |
$1,189m |
|
Opening
RAB |
$2,189m |
$2,052m |
$2,190m |
|
Regulatory
depreciation |
$640m |
$315m |
$660m |
|
Unsmoothed
revenue |
$2,150m |
$1,841m |
$2,367m |
|
X |
0% |
8.7%, 0% |
8.7%, -15.2% |
|
Nuclear energy
Aus – the nuclear fuel cycle Royal Commission
Introduction
Pipes & Wires #147 noted the establishment of a Royal Commission by the South
Australian Government to investigate various aspects of the nuclear fuel cycle.
This article briefly examines the tentative findings to provide some context
for the Final Report which is due around May 2016.
The terms of reference
The
Royal Commission’s terms of reference are to investigate the following 4 aspects of the nuclear
fuel cycle…
· Exploration and mining.
· Processing.
· Nuclear electricity generation.
· Storage and disposal of waste.
The tentative findings
The tentative findings include…
· An expansion of Uranium mining has the potential to be
economically beneficial, however it is not the most significant energy
opportunity facing South Australia.
· The Uranium supply market is currently oversupplied and is
expected to be uncertain for the next decade, suggesting that there would be no
commercial opportunities for developing South Australia’s Uranium processing
capabilities over that decade.
· Current electricity market conditions and the expected costs
of nuclear power within that existing market structure would make nuclear power
unviable in South Australia for the foreseeable future. However the trend
towards low-carbon generation technologies means it would be wise to include
nuclear amongst future electricity generation options.
· Storage and disposal of spent fuel could bring significant
economic benefits to South Australia.
Given
the current uncertainty around nuclear power, languishing demand growth, the
political disconnect between many elements of energy policy, the difficulty of
obtaining a viable price for the generated electricity and the flush of plant
closures across Europe, none of these tentative findings should come as a great
surprise. Pipes & Wires will comment further as the Royal Commission’s
final conclusions emerge.
Ukraine – 30 years on from Chernobyl
Introduction
Next month
will be the 30th anniversary of the explosion at Chernobyl Power
Station ... an event that many in Eastern Europe are still painfully reminded
of. This article examines Chernobyl in detail and tries to uncover a bit more
of what really happened there.
Some facts about Chernobyl power station
The
station itself is 18km north-east of the city of Chernobyl, and at the time of
the accident in 1986 was supplying about 10% of the Ukraine’s electricity
through the 330kV and 750kV grids. Construction began in 1970 and the first 4 RBMK-1000 reactors (rated at 3,200MWt) were commissioned in 1977, 1978, 1981
and 1983 respectively. The 5th and 6th reactors that were
under construction at the time of the accident were rapidly abandoned.
Essentially
the RBMK reactor is a graphite moderated, boiling water reactor (BWR) that was derived from a plutonium-producing military
reactor. A critical feature of the RBMK is that when the cooling water boils to
steam, its neutron absorbing capacity drops to practically nil. This means more
neutrons are available to fission the 235U nuclei, increasing the
heat generation and in turn flashing more water to steam (giving the RBMK a
very high positive void coefficient). A high positive void coefficient didn’t
necessarily make the RBMK inherently unsafe as this runaway can take several
seconds or even minutes, theoretically giving time to bring the reaction back
under control.
Reactors
#3 and #4 were second generation RBMK’s that had a number of improved safety
features which reactors #1 and #2 did not have.
What actually happened on 26th April 1986 ?
The
accident arose from an experiment to test whether the run-down of the turbine
following a trip could provide sufficient electricity for the cooling water pumps
while the auxiliary diesel generators were started and synchronised. Desk-top
studies suggested it would work however 3 attempts to achieve this in practice
over the 3 previous years had all failed.
At
01:23 on 26th April a 4th attempt at the experiment began
by tripping the steam from reactor #4, which was followed by a run-down of the
turbine and 4 of the 8 cooling water pumps. In the 39 seconds before the diesel
generators were synchronised the cooling water flow dropped sufficiently to
allow voids in the cooling water circuit to form. Although this started a
positive feedback cycle, automatic control of the graphite control rods
successfully reduced that increased heat generation. At 01:23:40 an emergency
shutdown was initiated (and whether this was manual or automatic remains
debated to this day). Unfortunately the design of the reactor resulted in
cooling water being expelled a few seconds before the graphite rods filled the
voids, resulting in a thermal runaway which was followed a few seconds later by
an explosion accompanied by the last recorded power output of about 33,000MWt
(10x nominal rating). A 2nd explosion followed, the precise cause of
which remains undetermined.
Note
that this was the 2nd of 3 accidents that occurred, the first being a
partial core meltdown on reactor #1 in 1981, and the third being a simple
non-nuclear generator hydrogen leak on turbine #4 (associated with reactor #2).
What happened after the 26th April 1986 ?
Seconds
after the 2nd explosion, the 2,000 ton upper plate of the reactor vessel
was torn lose and blown off, and flaming material caused at least 5 separate
fires on the bitumen-coated roof. Some 3 hours later at 05:00 the reactor was
shut down at the instruction of the night shift superintendent.
Evacuation
of the nearby town of Pripyat began at 14:00 on 27th April, almost 37 hours
after the explosion, however there was still no official word of the explosion
until 3 days later on 29th April when radiation alarms at Forsmark power station in Sweden were activated. To this day a 30km exclusion zone
still exists around Chernobyl.
Mergers & acquisitions
US – progress on the Exelon – Pepco merger
Introduction
Pipes & Wires #147 noted an interesting twist to this drawn out merger in which an organisation called DC Public Power wants to convert Pepco into a public utility (after 5 out
of 6 state regulators approved the merger). This article examines recent
events.
DC Public Power’s approach
DC Public Power
wants to convert Pepco into a public utility. DCPP’s principal arguments are
that public ownership could deliver $1b of public benefits over 20 years and
that keeping Pepco separate from Exelon’s generation fleet would provide a stronger pathway to distributed energy, micro-grids and
energy efficiency.
Pepco
and Exelon then re-iterated a wide range of merger benefits and commitments,
including tariff freezes, bill credits, sharing of amalgamation benefits, new
hires in Washington DC, workforce development, easier installation of rooftop
solar, and a commitment to exceed reliability standards. Each of these benefits
would seem to directly address the concerns motivating DCPP.
The Washington DC PSC’s recent rulings
In
late February 2016 the Washington DC PSC rejected the proposed merger in a 2-1 vote, but then also
voted to allow Exelon and Pepco to submit a revised proposal that would include
new penalties for failing to meet service commitments. The revised proposal
would need to be submitted by 11th March.
Exelon’s response and the markets comments
Prior
to the Washington DC PSC’s ruling, Exelon had indicated that it would abandon
the merger if it was not fully completed by early March, which would seem to
precede the PSC’s 11th March date for submitting a revised proposal.
Many commentators, however, believe that Exelon has invested too much in the
merger process to date to abandon it.
Latest maneuverings
Pepco
and Exelon filed an amended proposal that would specifically address the PSC’s
concern of a loss of benefits for Pepco customers in Washington DC. That
amended proposal included 3 options aimed at providing the PSC with the
latitude to balance various interests as it sees fit.
However
the Washington DC Office of the People’s Counsel said it did not believe that the proposed allocation of the
$78m customer investment fund would adequately protect domestic customers. So
the whole future of the merger rests on adequately resolving exactly how
Washington DC domestic customers will be protected from tariff increases. Pipes
& Wires will comment further as this issue progresses.
Regulatory policy
NZ – resetting the gas default price paths
Introduction
Several
gas distribution and transmission businesses are subject to default price paths
(DPP) which concludes on 30th September 2017. The Commerce
Commission recently published a Process &
Issues Paper setting out how it intends to reset that DPP by May 2017
for a commencement date of 1st October 2017. This article examines
that Paper.
The businesses covered by the DPP’s
The
distribution businesses covered by the DPP include…
· GasNet.
· Powerco.
· Vector’s Auckland gas network.
· Vector’s non-Auckland gas network
At the
time of writing, Vector’s non-Auckland gas network is in the final stages of
being sold to Colonial First State with approval by the Overseas Investment
Office being awaited.
The
transmission businesses covered by the DPP include…
· Vector.
· Maui Developments.
Both
of these businesses have been sold to Colonial First State pending final
approval by the Overseas Investment Office at the time of writing.
Regulatory framework
The
regulatory framework is Part 4 of the Commerce Act 1984. Subpart 6 deals with DPP regulation, whilst Subpart 10 deals specifically with gas pipeline services.
Issues that the Commission is interested in
Some
of the issues that the Commission is interested in receiving submissions on
are…
· Forecasting revenue, including considerations of how to set
the starting revenue.
· Forecasting of costs, including the preliminary view that
major capital works might be best dealt with through a customised price path
(CPP).
· Forecasting gas volumes.
· Estimating productivity.
· Whether the overall control should limit prices or whether
it should limit revenue.
· What incentives should exist for expenditure, including the
preliminary view that the complexity of an incremental rolling incentive scheme
(IRIS) would outweigh the benefits.
· Whether the two transmission pipelines that will are
expected to be owned by Colonial First State should be subject to a single DPP,
or whether each pipeline should have its own DPP.
Pipes
& Wires will comment further as the Commission continues its work.
Italy – towards a new regulatory model
Introduction
Regulation
of wires businesses (and pipes businesses) has traditionally emphasised inputs
with an obvious issue being the ability to accurately forecast key inputs such
as capital expenditure, operating expenditure and demand growth. This article
examines the Italian Regulatory Authority’s (AEEGSI) move towards an outcome based approach.
The migration from emphasis on inputs to emphasis on
outcomes
As the
energy sector becomes more complicated, obtaining robust regulatory outcomes
has also become more difficult. To this end the British energy regulator Ofgem has implemented the RIIO regulatory model which emphasises
key network outcomes such as safety, reliability and price. State regulators in
the United States are also considering moving away from input based models.
Italy’s new regulatory model
The AEEGSI’s decision 654/2015 sets out a new regulatory model that will apply for the
2016 – 2023 regulatory period, with the first 3 years representing a
transitional period. One of the objectives of this process is to ensure
continued stability for asset owners, which AEEGSI has long recognised as
important.
Key
features of the new regulatory include…
· Annual tariff adjustments to reflect actual operating costs.
· Targeted productivity factors to improve allocation of
efficiency gains derived from transmission, distribution and metering respectively.
· An intent to symmetrically share efficiency gains at the
next reset.
· Inclusion of all efficient capital spend into the RAB with a
1 year lag.
· Basing the RAB on depreciated historical cost, inflated with
a construction-specific index.
· Periodic reviews of WACC.
· Straight line depreciation based on the technical life of
assets.
· An emphasis on total expenditure (TotEx) rather than
treating capital expenditure (CapEx) and operating expenditure (OpEx)
differently and potentially distorting investment decisions.
Pipes
& Wires will comment further as the new regulatory model is implemented.
NZ – allocating risk under various control mechanisms
Introduction
The
Commerce Commission recently released a paper on Emerging Views On The Form Of Control as part of the Input Methodologies (IM) Review. This
article considers how the various forms of control might allocate the risk of
under-recovery and over-recovery of revenue.
The risk of under or over-recovery of revenue
All
forms of revenue or price control require inter
alia a forecast of revenue for many years, and of course a lot can happen
to an electric or gas company’s revenue during those years (for example kWh
sales of electricity took a sharp dive after the global financial crisis in
late 2008). In the specific context of electric and gas company’s whose costs
generally don’t vary much with revenue, any under or over-recovery of revenue
can lead to either unacceptably low profits or unacceptably high profits.
Hence
one measure of the robustness and credibility of a regulatory regime will be
how under-recovery or over-recovery of revenue is treated.
The various forms of control and how they might allocate
risk
Regulated
electric and gas companies are currently subject to the following forms of
control…
Businesses |
Form
of control |
Nature
of risk |
Size
of risk |
Allocation
of risk |
EDB’s,
GDB’s |
Weighted
Average Price Cap (WAPC). |
Volume
and therefore total revenue fluctuates relative to high fixed costs. |
Possibly
high. |
Lies
primarily with the regulated company. |
GTB’s |
WAPC. |
Volume
and therefore total revenue fluctuates relative to high fixed costs. |
Possibly
high. |
Lies
primarily with the regulated company. |
“Pure”
Revenue Cap (with no transfers to subsequent years). |
Imbalance
between fixed ex-ante revenue and costs results in either insufficient or
excessive profit. |
Low,
probably lower than WAPC. |
Lies
primarily with the customers, but likely to be mitigated at next reset if
claw back is available. |
|
Transpower |
Revenue
Cap, but includes a mechanism to transfer certain positive or negative
revenue adjustments to subsequent years. |
Imbalance
between fixed ex-ante revenue and costs results in either insufficient or
excessive profit, however annual adjustment mechanism would further minimise
this risk. |
Very
low |
Lies
primarily with the customers, but likely to be mitigated through annual
adjustments and at next reset if claw back is available. |
So for
electric and gas companies that have a high ratio of fixed to variable costs,
it appears that a Revenue Cap would arguably result in a lower risk (especially
if claw back is available). An obvious concern is whether the benefits of
reducing risk and risk allocation exceed the increased complexity of the form
of control.
The
conclusions of the above table seem to be reflected in the Commission’s
emerging view that appropriate forms of control are…
· Changing to a Pure Revenue Cap for EDB’s.
· Continuing with the existing Pure Revenue Cap for GTB’s, with
an amendment to wash up under and over recoveries.
· To conduct further analysis of the most suitable form of
control for GDB’s
Alignment of risk allocation with the Purpose Statements
Part 4 of the Commerce Act 1986 sets out 2 purpose statements…
· At s52A, which inter alia requires promoting of long-term outcomes
that encourage regulated suppliers to invest in new and replacement assets.
· At s52R, which aims to promote certainty for regulated suppliers.
Given
that the RC ostensibly results in a lower risk of revenue under-recovery, it
would appear that adoption of an RC is more consistent with both Purpose
Statements than continued use of a WAPC.
Privatisations & structural changes
Aus – possible privatisation in the West
Introduction
Long-time
readers will have some idea that Western Australia’s electricity industry is
something of a political football, and regularly gets kicked from one end of
the spectrum of market reform models to the other. This article examines recent
announcements that the Government has little alternative to selling Western Power (the state owned poles & wires business).
Recent announcements by the Premier
Last
month Premier Colin Barnett conceded that Western Power may have to be sold to boost
Western Australia’s sagging commodity prices, ailing credit rating and
increasing debt. This would seem to be a significant political u-turn as
Barnett has previously opposed any sale of Western Power as recently as 2013 (a
point that his opponents have been quick to point out).
Putting a price tag on Western Power
Whilst
the State Treasurer has indicated that Western Power is “worth in the vicinity
of $15b”, analysts appear to have more modest valuations of between $10b and
$15b.
Likely next steps
Barnett
expects that any possible sale of Western Power will be announced in the May
2016 budget, although it is widely expected that it will end up being an election issue in 2017. Pipes & Wires will pick this story up after the May
budget.
Recent client projects
Here’s
a sample of work done for clients over the last few years that demonstrate the
breadth of skills, insight and experience that is available from Utility
Consultants....
· Advising a major equipment supplier on battery and solar
trends.
· Leading an energy trust workshop on future trends for the
distribution industry.
· Facilitating an executive workshop on the future trends and
issues for the distribution industry.
· Advising a major global investment bank on the revenue and
capital cost characteristics of the New Zealand generation industry.
· Assessing the investment characteristics of proposed CapEx
increases to an investor-owned electric network.
· Assessing three EDB’s asset management practices against ISO
55000:2014.
· Assessing an EDB’s compliance with the lines – generation
separation requirements of the Electricity Industry Act 2010.
· Assessing an EDB’s compliance with the Electricity Industry
Participation Code.
· Compiling safe operating procedures for a wide range of
distribution switches.
· Advising an investor on the investment characteristics and
regulatory constraints of small hydro development and grid connection.
· Reviewing the engineering aspects of an EDB’s lines pricing
methodology.
· Advising a major global consultancy on specific features of
emerging electricity transmission and distribution regulatory regimes,
including period length, potential for re-opening determinations, caps &
collars, total expenditure levels and incentive mechanisms.
· Examining the economic efficiencies of an EDB’s pricing
methodologies.
· Advised on the wider philosophical and potential tax issues
of the way consumer discounts are paid by EDB’s.
· Prepared an independent engineer’s report to justify
proposed alternative asset lives.
· Advised an electricity business on the regulatory
implications of bringing externally contracted field services back in-house.
· Identified economic and regulatory arguments to support
inclusion of transmission interconnection charge risk into network tariffs.
· Advised lines businesses on a regulator’s proposed treatment
of CapEx and OpEx.
· Advised an international investor on gas distribution policy
and regulatory trends.
· Identified national energy policy implications for lines
businesses.
· Assisted a lines business to identify the burden of proof
implied by regulatory determinations.
· Suggested amendments to a gas transmission AMP to strengthen
the economic arguments.
· Identified electricity network investment characteristics as
part of an acquisition study.
· Developed an AM framework for a gas distribution business to
link AM to regulatory requirements.
· Identified OpEx – CapEx tradeoffs for an electricity lines business.
· Performed various substation growth and reinforcement
assessments.
· Performed network physical and business risk studies.
· Compiled disaster recovery and business continuity plans.
Pick here to download a profile of recent projects, or here to contact Phil.
General stuff
Guide to NZ electricity laws
I’ve
compiled a “wall chart” setting out the relationship between various past and
present electricity Acts, Regulations, Codes etc in sort of a chronological
progression. To request your free copy, pick here. It looks really cool printed in color as an A2 or A1 size.
A bit of light-hearted humor
What
if price control had been around in the 1920’s and 1930’s ? A collection of
photo’s with humorous captions looks at some of the salient features of price
control. Pick here to download.
Conferences & training courses
The
following conferences and training courses are planned...
· No events scheduled.
Utility
Consultants takes no responsibility for the content of individual courses or
conferences, nor for any administrative or travel arrangements.
Wanted – old electricity history books
If
anyone has an old copy of the following books (or any similar books) they no
longer want I’d be happy to give them a good home…
· Economic Operation Of Power Systems (Kirchmayer).
· Distribution Of Electricity (WT Henley, the cable
manufacturer)
· Northwards March The Pylons.
· Two Per Mile.
· Live Lines (the old ESAA journal).
· The Engineering History Of Electric Supply In New Zealand.
Cool stuff
Newly published book – “Keeping The Lights On”
Well-known
electricity historian and author Helen Reilly has recently published her latest
book “Keeping The Lights On – The History Of System Operations In New Zealand
1939 – 2013”. Pick here to order your copy for only $46.50 from Grid Heritage. It’s
a thoroughly good read, and complements Helen’s previous book “Connecting The
Country”.
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