25Preparation of infrastructure investment objectives reports—the Act, s 45(4)

25 Preparation of infrastructure investment objectives reports—the Act, s 45(4)

25 Preparation of infrastructure investment objectives reports—the Act, s 45(4)

(1) The consumer trustee must take the following into account in preparing an infrastructure investment objectives report—

(a) any target breaches identified in the most recent energy security target monitor report,

(b) the forecast of unserved energy from the most recent statement of opportunities published by AEMO under the National Electricity Rules,

(c) the most recent Integrated System Plan published by AEMO under the National Electricity Rules,

(d) market conditions, including supply chains and labour and capital constraints,

(e) the payments required to be made by the scheme financial vehicle under existing and planned LTES agreements,

(f) how the development pathway in the infrastructure investment objectives report will contribute to the object of the Act, specified in the Act, section 3(1)(a),

(g) the resilience of the NSW electricity system in relation to lulls in variable renewable energy sources, including by reference to climate modelling,

(h) any commitments in the RETA that concern the counting towards the minimum objectives specified in the Act, section 44(3)(a) of generation capacity from generation infrastructure constructed under CIS Tender 1 projects.

(2) Subclause (1)(g) does not apply to the first infrastructure investment objectives report prepared under the Act, section 45(2)(a).

(3) When preparing the development pathway for an infrastructure investment objectives report, the consumer trustee must—

(a) take into account several scenarios for the construction of generation, long-duration storage and firming infrastructure in New South Wales, and

(b) analyse the resilience of the outcomes for each scenario, including in relation to—

(i) the reliability of supply, and

(ii) the financial exposure risks to NSW electricity customers.

(4) This clause does not limit the matters the consumer trustee may take into account in preparing an infrastructure investment objectives report.