Corporate governance

About our governance

Ausgrid Ownership

Ausgrid Group is a group of partnerships and their  subsidiaries (non-listed), based in Australia, that is  jointly owned by IFM Investors (25.2%), APG Asset  Management Group (16.8%), AustralianSuper (8.4%)  and the State of New South Wales (NSW) (49.6%)  (via the Electricity Retained Interest Corporation –  Ausgrid or ‘ERIC-A’) under a long-term lease.  It is comprised of Ausgrid Operator Partnership  (AOP), Ausgrid Asset Partnership (AAP), PLUS ES  Partnership (PLUS ES) and Aurora Property Partnership (APP)

Operating Environment

Ausgrid is regulated by a range of statutory and legislative requirements, including Work Health and Safety (WH&S), environmental, competition, industrial, consumer protection and information laws, National Electricity Law (NEL), National Electricity Rules (NER) and the NSW Electricity Supply Act 1995 (ESA). We must also comply with the conditions of our NSW DNSP licence (under the ESA), Security of Critical Infrastructure Act 2018 and Electricity Infrastructure Investment Act 2020 (NSW).

Regulatory Reset

Our network services in the National Electricity Market (NEM) are regulated by the Australian Energy Regulator (AER). Every five years, we submit a proposal to the AER outlining our plans (including expenditure and pricing) to serve our communities for the five years ahead. The AER reviews and consults on our proposal to ensure it reflects the services our customers value at the lowest sustainable cost. This process is known as a ‘Regulatory Reset’. The most recent Regulatory Reset covers the period 2024-29 and the AER’s final decision was delivered in April 2024. Find out more.