46. Ensure the legislative and regulatory framework enables energy infrastructure that aligns with broader public policy outcomes by:
- reviewing and revising energy legislation, regulations, codes, guidelines and associated decision-making documents and processes (particularly relating to the New Facilities Investment Test), to include the interim emissions reduction (once defined) and net zero emissions by 2050 targets, urban infill and industry development objectives in a manner that does not unduly disadvantage first or last movers
- reviewing the effectiveness of guidance and assessment for investment proposals under the current objectives of the Electricity Network Access Code 2004, as well as the expected levels of information and analysis required from proponents
- consistent with Recommendation 40 in the Infrastructure delivery chapter, establishing a clear policy position on the role of government and the private sector in funding, financing and delivery of enabling infrastructure, such as transmission lines, in order to support industry growth and decarbonise the energy sector.
The WA Government responded to Foundation for a stronger tomorrow in February 2023. Recommendation 46 is partially supported. For further information please refer to the response document.
Actions:
46.64 Assess future demand in the SWIS, network augmentation required to support it, and appropriate financing and funding options via the SWIS Demand Assesment
1/1 actions on schedule
46.64 On schedule
Treasury is working with Western Power to progress consideration of financing and cost recovery mechanisms to fund network investments. Treasury is also working on a standalone entity structure for PoweringWA in consultation with DPC and Energy Policy Western Australia (EPWA). EPWA is working on a landholder compensation framework. Western Power is working to develop business cases for the component parts of the Clean Energy Link.