The guideline sets out how we will test for the financeability of large transmission projects that form a key part of the transition to net zero greenhouse gas emissions by 2050. It details how we will assess a transmission network service provider’s (TNSP) request for an adjustment to cashflows, including the financial metrics to be used in our assessment.
We developed the financeability guideline to meet the requirements of the Australian Energy Market Commission’s Accommodating financeability in the regulatory framework rule change. We published a proposed financeability guideline on 17 July 2024 and received 3 submissions, including one late submission. We took stakeholder feedback into consideration in developing the final financeability guideline.
The financeability guideline is now in effect, and applies to TNSPs that are undertaking large infrastructure projects set out in the optimal development path from the Australian Energy Market Operator’s Integrated System Plan.