DELWP Department of Environment, Land, Water and Planning EDPR Electricity Distribution Price Review. The five-yearly process which determines costs which electricity distributors can recover from consumers. ESC Essential Services Commission. Victoria’s independent economic regulator of prescribed essential utility services. ESV Energy Safe Victoria. The energy safety regulator. GSL Guaranteed Service Level (Payment Scheme) HBRA High Bushfire Risk Area. IRU Ignition Risk Unit. kV Kilovolt. A thousand volts. A measure of electrical potential difference. LBRA Low Bushfire Risk Area. MAIFI Momentary Average Interruption Frequency Index. A measure of electricity supply reliability concerned with the number of momentary (brief) interruptions an average customer would experience in a given period of time. NEVA National Electricity (Victoria) Act 2005 OCBR Office of the Commissioner for Better Regulation. PBSP Powerline Bushfire Safety Program. The Government program tasked with delivery of VBRC recommendations 27 and 32. PBST Powerline Bushfire Safety Taskforce. PV Present Value. A means of expressing the value of future costs and benefits in today’s terms. REFCL Rapid Earth Fault Current Limiter. A network safety device instrumental in reducing bushfire risk and improving reliability. RAB Regulated Asset Base. The assets of electricity distribution businesses, which form the major feature in determining the revenue they are allowed to recover from customers. RIS Regulatory Impact Statement SAIDI System average interruption duration index. A measure of electricity supply reliability concerned with how long supply is interrupted. SAIFI System average interruption frequency index. A measure of electricity supply reliability concerned with how often supply is interrupted. SBRP Specified Bushfire Risk Period. SECV State Electricity Commission of Victoria STPIS Service Target Performance Incentive Scheme. An incentive scheme for businesses to maintain or improve customer reliability. SWER Single wire earth return. A low-cost form of powerline construction which features a single phase at 12.7 kV, commonly used in rural areas. VBRC Victorian Bushfires Royal Commission. VCR Value of customer reliability. An estimate of the value customers place on a megawatt hour (MWh) of electricity, for the purpose of informing reliability incentive targets. ZSS Zone substation. A major point of voltage and current transformation on the electricity distribution network. Document Information This Regulatory Impact Statement was drafted by the Powerline Bushfire Safety Program, Energy Policy and Programs Branch, Department of Environment, Land, Water and Planning.
DELWP Department of Environment, Land, Water and Planning EDPR Electricity Distribution Price Review. The five-yearly process which determines costs which electricity distributors can recover from consumers. ESC Essential Services Commission. Victoria’s independent economic regulator of prescribed essential utility services. ESV Energy Safe Victoria. The energy safety regulator. GSL Guaranteed Service Level (Payment Scheme) HBRA High Bushfire Risk Area. IRU Ignition Risk Unit. kV Kilovolt. A thousand volts. A measure of electrical potential difference. LBRA Low Bushfire Risk Area. MAIFI Momentary Average Interruption Frequency Index. A measure of electricity supply reliability concerned with the number of momentary (brief) interruptions an average customer would experience in a given period of time. NEVA National Electricity (Victoria) Act 2005 OCBR Office of the Commissioner for Better Regulation. PBSP Powerline Bushfire Safety Program. The Government program tasked with delivery of VBRC recommendations 27 and 32. PBST Powerline Bushfire Safety Taskforce. PV Present Value. A means of expressing the value of future costs and benefits in today’s terms. REFCL Rapid Earth Fault Current Limiter. A network safety device instrumental in reducing bushfire risk and improving reliability. RAB Regulated Asset Base. The assets of electricity distribution businesses, which form the major feature in determining the revenue they are allowed to recover from customers. RIS Regulatory Impact Statement SAIDI System average interruption duration index. A measure of electricity supply reliability concerned with how long supply is interrupted. SAIFI System average interruption frequency index. A measure of electricity supply reliability concerned with how often supply is interrupted. SBRP Specified Bushfire Risk Period. SECV State Electricity Commission of Victoria STPIS Service Target Performance Incentive Scheme. An incentive scheme for businesses to maintain or improve customer reliability. SWER Single wire earth return. A low-cost form of powerline construction which features a single phase at 12.7 kV, commonly used in rural areas. VBRC Victorian Bushfires Royal Commission. VCR Value of customer reliability. An estimate of the value customers place on a megawatt hour (MWh) of electricity, for the purpose of informing reliability incentive targets. ZSS Zone substation. A major point of voltage and current transformation on the electricity distribution network. Document Information This Regulatory Impact Statement was drafted by the Powerline Bushfire Safety Program, Energy Policy and Programs Branch, Department of Environment, Land, Water and Planning.
f-factor_-_Regulatory_Impact_Statment_Oct16.docx