Innovation

Network Innovation Advisory Committee (NIAC)

 

The purpose of the Network Innovation Advisory Committee (NIAC) is to place the customer at the centre of investment decisions as we transform our network. 

This will ensure that our network becomes one that supports efficient investment and greater choice and control, things that customers expect from a network of the future.

The NIAC puts in place formal arrangements to give customers a role in driving our innovation investment program and provides a forum where Ausgrid can collaborate with customers about the future direction of the network.

Guiding principles for innovation

All innovation projects must be in the long-term interests of consumers with respect to price, quality, safety, reliability and security of supply. In relation to innovation, this means that all projects must be safe and create value for customers.

The NIAC will consider projects in accordance with the following principles:

  • Maintains safety for employees & the community
  • Improves economic utility of new and existing assets
  • Lowers costs for customers
  • Solves a specific problem
  • Uniqueness of problem and collaborative opportunities
  • Accelerates decarbonisation
  • Improves fairness
  • Improves resilience
     

Our terms of reference is being finalised in collaboration with our Consultative Committees and will be published soon.