Electricity Infrastructure Investment Act 2020

section 5

access area means the geographical area of the State and the infrastructure specified in a declaration by the Minister under section 19A.

access scheme means an access scheme declared by the Minister under section 24(1) that applies in—

a renewable energy zone or part of a renewable energy zone, or

an access area or part of an access area.

adjustment, for Part 5, Division 3—see section 36A.

AEMO means the Australian Energy Market Operator Limited ACN 072 010 327.

AER means the Australian Energy Regulator established by section 44AE of the Competition and Consumer Act 2010 of the Commonwealth.

authorisation, for Part 5, Division 3—see section 36A.

authorised REZ network infrastructure project, for Part 5—see section 30A.

carry out, in relation to an infrastructure project, for Part 5—see section 30A.

committed infrastructure project, in Part 6—see section 43.

consumer trustee means the person or body authorised under section 60 to exercise the functions of the consumer trustee.

contribution determination —see section 56(1).

contribution order —see section 58(1).

customer includes a wholesale customer.

Department means the Department of Planning, Industry and Environment.

derivative arrangement has the same meaning as in the Government Sector Finance Act 2018.

distribution network service provider has the same meaning as in the National Electricity Rules.

electricity infrastructure jobs advocate means the person or body appointed as the electricity infrastructure jobs advocate under section 10.

Energy Corporation means the Energy Corporation of New South Wales constituted by section 7 of the Energy and Utilities Administration Act 1987.

energy security target —see section 12.

energy security target monitor or monitor means the person or body authorised under section 59 to exercise the functions of the energy security target monitor.

energy security target monitor report means a report prepared by the energy security target monitor under section 13.

financial trustee means the person or body authorised under section 61 to exercise the functions of the financial trustee.

financial year means a period of 12 months commencing on 1 July.

firm capacity for a financial year means the total number of megawatts of electricity expected to be available to NSW electricity customers at times of peak demand during the financial year, calculated by the energy security target monitor in consultation with the Secretary and in accordance with the regulations.

function includes a power, authority or duty and exercise a function includes perform a duty.

Fund means the electricity infrastructure fund established under section 53.

infrastructure investment objective —see section 44.

infrastructure investment objectives report, for Part 5—see section 30A.

infrastructure planner means a person authorised to exercise the functions of an infrastructure planner under section 63.

infrastructure project, for Part 5—see section 30A.

long-term energy service agreement or LTES agreement—see section 46.

LTES operator —see section 46.

maximum capacity, for Part 6—see section 43(3).

maximum capital costs amount, for an authorised REZ network infrastructure project, for Part 5—see section 30A.

National Electricity (NSW) Law means the provisions applying because of section 6 of the National Electricity (New South Wales) Act 1997, and includes the National Electricity Rules.

National Electricity Rules has the same meaning as in the National Electricity (NSW) Law.

NEM registration and exemption list, for Part 6—see section 43(3).

network capacity of a renewable energy zone means the maximum instantaneous amount of electricity that can be transmitted—

to or from the network infrastructure in a renewable energy zone, or

to other network infrastructure.

network infrastructure —

means transmission infrastructure and distribution infrastructure, and

includes generation or storage infrastructure that provides network services.

network operator means a person who owns, controls or operates, or proposes to own, control or operate, network infrastructure.

network operator, for Part 5, Division 3—see section 36A.

priority network infrastructure project means a network infrastructure project—

located in the State, and

identified in or forming part of a network infrastructure project identified in—

a report prepared under or published in accordance with the National Electricity Rules, Chapter 5, 6, or 6A, or

an assessment and recommendation by an infrastructure planner under section 63(4A).

regulator means a person or body authorised under section 64 to exercise the functions of a regulator.

relevant capacity, for Part 6—see section 43(3).

relevant operator means a transmission operator, within the meaning of the Electricity Supply Act 1995, distribution network service provider or network operator.

renewable energy zone or REZ means the geographical area of the State and the infrastructure specified in a declaration by the Minister under section 19.

REZ network infrastructure project means a network infrastructure project that—

forms part of a renewable energy zone, and

consists of network infrastructure of a class prescribed by the regulations.

risk management contract means a contract under the risk management framework in Part 6, Division 5.

scheme financial vehicle means the scheme financial vehicle under section 62.

Secretary means the Secretary of the Department.

system security services means the following as referred to in the National Electricity Rules—

system strength services,

inertia network services,

network support and control ancillary services.

target breach —see section 13(3)(d).

transmission network service provider has the same meaning as in the National Electricity Rules.

Tribunal means the Independent Pricing and Regulatory Tribunal.