Electricity Asset Management Plan 2019-2029
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Vector Limited://
These are summarised with their core functions below:
• Network operations – Electricity control room, switching, scheduling and outage management • Maintenance and construction – in field work completion • Network extension planning – expansion and growth of the network • Asset Management – assessment and maintenance of master data associated with assets
The focus of this investment category in the early years of the period is on development of fit for purpose capability to enable enhanced control room functions, with increasing capability in operational management of outage events across their lifecycle, including significant events. In parallel, there is capability growth associated with meeting the changing customer expectations for electricity, including increased EV and smart device penetration. Examples of specific initiatives categorised here include: fault location detection, weather monitoring, SCADA simulations, power flow computation and thermal rating assessments. We have identified that increasing our inhouse capability to deliver effective and efficient field services is critical to improving capability to meet customer needs, and in line with this there are specific projects and initiatives associated with permit management, scheduling and notification of planned works, field crew loading analysis and work order scheduling. Alongside this, there is investment identified to enable enhanced field crew visibility, and optimisation of routes and patterns for work completion. A core component of the Network Operations capability is our ability to accurately identify and manage asset records, and there are specific projects identified in this category to enable improved visibility of asset failure history, reliability centred analysis, budget allocation and supporting the delivery of asset financial performance measures through data and analytics capabilities.
The Network Operations digital investment category targets both specific projects and expected investment in required capabilities to enable enhanced network performance, and ensures that we deliver effective, resilient and reliable services.
TARGETED OUTCOMES
CUSTOMER EXPERIENCE
SAFETY
RELIABILITY
RESILIENCE
OPERATIONAL EFFICIENCY
CYBER SECURITY AND PRIVACY
OPTIONS CONSIDERED Options to address the need identified above have been assessed and are summarised in the following table.
DESCRIPTION
DISCUSSION OF OPTION
ESTIMATED COST (NPV IF APPLICABLE)
STATUS
Option 1: Business as usual – no additional investment
Vector will react to changing demands for Network Operations enablement capabilities on an as needed basis, and will respond only when break fix or critical business functions are impacted. Our ability to meet changing customer and stakeholder expectations of service will be hampered and likely lead to reduced effectiveness. Vector invests in developing capabilities to support achievement of the network of the future, including advanced planning and optimisation of network management, fault and field crew response and targeted, specific analysis of assets to enable improved investment decisions. In parallel, we will be equipped to meet the rapidly changing needs of our customers and stakeholders, as these continue to evolve into the future.
Rejected
Option 2: Network Operations enablement
$19.1M Selected
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