September 14th, 2025Markets

The Australian Energy Regulator has approved $2.6 billion to maintain and upgrade AusNet’s electricity distribution network across eastern and northern Victoria, along with $1.6 billion to operate the network over the next five years.

AusNet has formally applied to the state government to compulsorily acquire easements from Victorian farmers to build the Western Renewables Link transmission line before the Environmental Effects Statement is completed. The state government has recently introduced legislation allowing energy companies to compulsorily acquire private land for transmission lines before the necessary environmental assessments have been completed. The move would see AusNet and the WRL project heavily advanced if the EES is successful. Hepburn Shire Council Mayor Cr Tony Clark, pictured, has condemned the move saying it is an insult to those who have worked hard to provide evidence-based submissions.