Consumer Cost of Transmission Delays Report
Our report reveals that delays in building energy transmission infrastructure will lead to higher electricity bills for both households and businesses, compromise energy reliability and jeopardise emissions reduction targets.
Nexa Advisory’s research shows the cost impacts of the delays are most significant in New South Wales. Residential consumers there could face up to $1,100 in additional costs if transmission project delays continue at the average of three years observed in recent years. Small businesses in New South Wales could also pay up to $7,716 a year more. This increases to $24,124 with a seven-year delay. That means that transmission delays are also likely to have broader knock-on inflationary impacts across the economy.
Nexa Advisory is calling for national coordination and accountability to deliver the nation-building transmission infrastructure required. This includes accountability on the delivery dates firmed up in the Renewable Energy Target Agreements or other agreements such as the Capacity Investment Scheme between the Federal and State governments; identifying and funding the cost of delays; and working with communities to build social licence, which has been a key roadblock to timely development.
Read our full report here: Nexa Advisory – Consumer Cost of Transmission Delays Report
