19CAuthorisations by consumer trustee—cost benefit analysis

19C Authorisations by consumer trustee—cost benefit analysis

19C Authorisations by consumer trustee—cost benefit analysis

(1) A cost benefit analysis for an authorisation must consider the following—

(a) the costs to the NSW electricity customers from the project,

(b) the benefits to NSW electricity customers from generation and storage infrastructure connecting to the project,

(c) the costs and benefits under different scenarios,

(d) if required to understand the impact of uncertainty in the project’s costs and benefits—a sensitivity analysis,

(e) the costs or benefits from the expected change in greenhouse gas emissions as a result of the project,

(f) the costs to finance the project, including interest costs.

(2) The cost benefit analysis must—

(a) not include scenarios inconsistent with the infrastructure investment objectives, and

(b) not include an options analysis of alternatives or variants to the REZ network infrastructure projects recommended by the infrastructure planner, and

(c) not assess distributional impacts or carry out a distributional analysis, and

(d) not consider the costs and benefits to government or electricity producers as a result of the REZ network infrastructure project.

(3) The cost benefit analysis must be in accordance with the NSW Government Guide to Cost-Benefit Analysis published by the NSW Treasury on its website from time to time.

Note—

See the TPG23-08NSW Government Guide to Cost-Benefit Analysis published by the NSW Treasury, February 2023.

(4) If there is inconsistency between the requirements under subclauses (1) and (2) and the NSW Government Guide to Cost-Benefit Analysis, the requirements under subclauses (1) and (2) prevail.

(5) Without limiting any other disclosure, the consumer trustee may disclose the assumptions, scenarios, results or forecasted costs and benefits in relation to the cost benefit analysis to—

(a) the Secretary, or