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Smart Networks : Transforming Energy Networks

Smart Networks : Transforming Energy Networks. Presentation to the Trans - Tasman Business Circle Geoff Nicholson, Chief Financial Officer, SP AusNet October 2010. Agenda . SP AusNet Overview. Member of ASX200 & listed on SGX $2.4bn market cap & $8.6bn Assets ‘A’ range credit rating.

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Smart Networks : Transforming Energy Networks

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  1. Smart Networks : Transforming Energy Networks Presentation to the Trans - Tasman Business Circle Geoff Nicholson, Chief Financial Officer, SP AusNet October 2010

  2. Agenda

  3. SP AusNet Overview • Member of ASX200 & listed on SGX • $2.4bn market cap & $8.6bn Assets • ‘A’ range credit rating Market Metrics Electricity Transmission • 6,585km of transmission lines • 12,900 towers Electricity Distribution • 46,695km of electricity distribution network • 619,728 electricity distribution consumers Gas Distribution • 9,575km of gas distribution network • 571,678 gas distribution consumers * All figures are approximate as at 31 Mar 2010 SP AusNet operates in the transmission and distribution sectors

  4. What are Smart Networks ? • A smart network is defined as an energy network where there is a pervasive information and communications technology overlay that effectively enables integrated management of the creation, transport, storage and consumption of energy. Specific emphasis is placed on the application of digital technology to provide accessible, flexible, reliable and economically sustainable electrical energy to users.

  5. Smart Networks Vision A 2020 Smart Network may be completely different to a current distribution business Traditional Generation Homes Electrical Infrastructure Distributed Generation Electric Vehicles Renewable Energy Sources Industrial Customers bbbb Info-communications Network Electric Vehicles Smart Network characteristics : Bi-directional power flows, intermittency of renewable generation, customers as market participants, peak shaving & electric vehicles

  6. The platform for entering Smart Networks Drivers for Smart Networks Drivers Enables SP AusNet to… Government ‘… respond to emerging government policy, … meet evolving customer needs, … access new revenue streams, …remain relevant and sustainable. Customers Markets Industry

  7. Components of a Smart Network Customer stream is evolving rapidly and presenting the greatest opportunity

  8. The benefits of building market leading Smart Networks capability are broad and varied Smart Networks objectives Reduced reliance on our existing grid in the future 1 Establishing capability for core network to meet new challenges 2 Take advantage of new technologies and functionality 3 Leadership role in energy eco-system through smart network IP 4 Establish new customer relationships 5

  9. Smart Networks : international developments Major economies recognise the need for smarter, efficient energy networks Global investments US$200b by 2015 250m smart meters to be installed by 2015 US$28b to be spent on AMI by 2015 SG communications infrastructure US$20b/year, 2015 Utilities to spend US$21b by 2015 to improve cyber security EDF introducing 35m smart meters by 2015 Smart grid enabling technologies US$16.5b till 2014 China’s budget for Smart Grid over US$7b, 2010 Vic AMI US$2b + Federal initiatives SGSC & Energy Efficiency US$500m

  10. Given uncertainty, formulating definitive strategic plans is a challenge Challenges Factors driving uncertainty… Need to trial to build IP and validate business models and plans Shifting Government and regulatory policy • Lack of clarity or certainty in future policy direction • Funding / Incentives Rapid evolution of Smart Network technology • 21st century ICT platform, increased integration and complexity • Technology AND standards developing at a rapid rate Changing customer needs • Changing energy usage expectations • Evolving SP AusNet commercial relationship with consumers Emerging new business operating models • New ecosystem participants and “go to market” models • Rapidly evolving market place

  11. To mitigate some challenges, we plan to commence trials to validate a long-term strategy Looking forward Dates Trial Category Description of Trials

  12. Sometimes it is easier to walk straight into the challenges than to run away

  13. Geoff Nicholson Chief Financial OfficerI SP AusNet Level 31, 2 Southbank Boulevard, Southbank 3006 T: +61 3 9695 6300 I M: +61408 334 421 geoff.nicholson@sp-ausnet.com.au I www.spausnet.com.au Safety I Passion I Teamwork I Integrity I Excellence

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