24Content of infrastructure investment objective reports by consumer trustee—the Act, s 45

24 Content of infrastructure investment objective reports by consumer trustee—the Act, s 45

24 Content of infrastructure investment objective reports by consumer trustee—the Act, s 45

(1) An infrastructure investment objectives report, other than a report prepared under the Act, section 45(3), must contain the following—

(a) how the infrastructure required under the development pathway specified in the report will assist in achieving the infrastructure investment objectives,

(b) information about the expected timing, staging and sequencing of the construction of—

(i) the infrastructure required under the development pathway, and

(ii) REZ network infrastructure projects that may be required,

(c) a comparative assessment of the merits of constructing long-duration storage infrastructure that exceeds the minimum objective specified in the Act, section 44(3)(b) and firming infrastructure to meet the reliability standard,

(d) a forecast of wholesale electricity costs and costs for NSW electricity customers that are due to contributions required to be paid by distribution network service providers under the Act, section 58,

(e) details of the current, planned and expected construction and operation of infrastructure for the supply of electricity in New South Wales and the national electricity market,

(f) an analysis, including the methodology, of the risks to NSW electricity customers of early or delayed investment in infrastructure to which the Act, Part 6 applies,

(g) an estimate of the amount of electricity in gigawatt hours that is equivalent to the gigawatts of capacity required under the minimum objectives specified in the Act, section 44(3), using information in the 2020 Integrated System Plan published by AEMO under the National Electricity Rules.

(2) An infrastructure investment objectives report, other than the first report prepared under the Act, section 45(2)(a) or a report prepared under the Act, section 45(3), must also contain the following—

(a) a description of the changes since the previous report to—

(i) the development pathway, and

(ii) the plan for competitive tenders under the Act, section 45(1)(b),

(b) the outcomes of tenders carried out since the previous report, including—

(i) the number of persons who made a bid in each tender, including the number of eligible and ineligible bids according to the rules made under the Act, section 47(5), and

(ii) the number of LTES agreements recommended by the consumer trustee after each tender, and

(iii) the number of LTES agreements entered into,

(c) details of the infrastructure constructed, or proposed to be constructed, under LTES agreements entered into, or agreed to be entered into, since the previous report,

(d) an assessment of the progress in achieving the minimum objectives specified in the Act, section 44(3),

(e) an assessment of the resilience of the NSW electricity system in relation to lulls in variable renewable energy sources, as it relates to the development pathway in the report, including by reference to climate modelling.

(3) An infrastructure investment objectives report prepared under the Act, section 45(3) must contain the following—

(a) how the firming infrastructure required under the development pathway specified in the report will assist in achieving the infrastructure investment objective specified in the Act, section 44(2)(c),

(b) information about the expected timing, staging and sequencing of the construction of the firming infrastructure required under the development pathway.

cl 24 (previously cl 16B): Renumbered 2022 (366), Sch 1[7]. Am 2025 (665), Sch 1[1]–[3].