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Australian Utility – Investment Planning


  • 30 July 2020

  • EA Technology

Consulting

Client

Our client distributes electricity to more than 1.3 million residential, industrial and commercial customers across a population base of around 3.1 million in Australia.

Challenge

  • Assess all electricity distribution network assets and the risks presented to the business.
  • Develop a range of investment options to reduce risk, improve network performance and maximise investment benefits within imposed capital budget constraints.
  • Provide fully auditable means to support regulatory submission.

Deliverables

  • Improved asset performance
  • Greater reliability and safety
  • Lower costs
  • Smarter investment decisions

Process

Solution

  • Use Condition Based Risk Management (CBRM) model to calculate condition profiles and health indices for specific assets and asset groups.
  • Quantify asset risk using derived probability of failure data and consequences of failure information, consolidated into a risk model.
  • Develop a portfolio of future asset investment options, designed to manage risk over the medium term.

Benefits

  • Recognised and auditable system to support efficient regulatory reporting.
  • Improved asset management recommends 20% fewer replacements.
  • Constantly updated evidence to support smarter investment decisions.
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Paul Barnfather
Head of Electric Vehicle Infrastructure