56What is the Victorian transmission planning objective?

56 What is the Victorian transmission planning objective? (1) The Victorian transmission planning objective is, in relation to Victoria— (a) to promote efficient investment in, and efficient operation and use of, electricity services for the long term interests of consumers of electricity with respect to— (i) price, quality, safety, reliability and security of supply of electricity; and (ii) the reliability, safety and security of the national electricity system; and (b) the delivery of transmission services consistent with a least-regrets development pathway; and (c) the achievement of targets set by Victorian legislation— (i) for reducing Victoria's greenhouse gas emissions; or (ii) that are likely to contribute to reducing Victoria's greenhouse gas emissions. (2) In subsection (1)(b), a ***least-regrets development pathway*** means a process of selecting development pathways having regard to the risks associated with underinvestment or overinvestment in light of the uncertainties reflected across a range of scenarios. Division 4—Victorian transmission plan guidelines S. 57 inserted by No. 15/2024 s. 8.