NSW Energy Minister Matt Kean said the appointment is a vital step in unlocking the expected $32 billion of private sector investment needed to deliver the next generation of electricity infrastructure that will keep the lights on and prices down.
“The Roadmap is a once in a generation opportunity to transform our State’s electricity system into one of the cheapest, cleanest and most reliable in the world,” Kean said.
“The Consumer Trustee will play a vital role in delivering our Electricity Roadmap, acting as the custodian of the long-term financial interests of NSW consumers.
“This appointment is a win for consumers and industry, allowing the Roadmap to draw on AEMO’s expertise while making sure that AEMO continues to perform its current role running the energy market.”
The Consumer Trustee will play a pivotal role in:
- overseeing coordinated planning and investment in electricity generation, storage and transmission over time in New South Wales
- authorising electricity network infrastructure projects
- administering tenders to identify the best generation and storage projects for consumers
- designing long term energy service agreements to encourage new generation and storage investment.
The Consumer Trustee was appointed following a rigorous evaluation and consultation process and focused on selecting a Consumer Trustee model that made the most sense for NSW, while supporting the broader National Electricity Market.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.