The RIT-T framework is designed to promote efficient investment in, and efficient operation and use of, electricity services for the long-term interests of electricity consumers. In effect, this means selecting the investment option that is both technically feasible and delivers the highest net economic benefits to the National Electricity Market.
AEMO appreciates and acknowledges the important social, environmental, amenity, and cultural matters raised by community members in relation to the project. As the project proponent, AusNet Services is committed to delivering a project that is sensitively designed, located and constructed to minimise environmental and social impacts. AusNet is also responsible for securing the necessary planning and environment approvals. Fundamentally, the cost of the project is not to outweigh the economic benefits to Victorian electricity consumers.
(This last statement represents the grounds under which AEMO can terminate the contract)