New South Wales’ ASL has launched its 2026 NSW Consumer Trustee Investment Priorities (NSW Investment Priorities) and a consultation on a new Hybrid Generation Long Term Energy Service Agreement (LTESA) product, marking two significant steps in supporting the next phase of the state’s energy transition.
The Investment Priorities set out a strong focus on high-value generation, firming, and long duration storage projects that can bid for an LTESA in a way that provides value to consumers and ensures projects are commercially viable and deliverable.
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In parallel, ASL has launched a consultation on the design of a Hybrid Generation LTESA intended to better support solar hybrid projects in future NSW Roadmap tenders.
With hybrid projects gaining prominence in recent years, ASL is committed to adapting its products to reflect evolving market needs. The Hybrid Generation LTESA is intended to complement the existing Generation LTESA and provide targeted support for hybrid facilities.
The consultation seeks feedback on two potential design approaches and will inform the final product ahead of the scheduled relaunch of the Generation LTESA tender in Q2 2026, targeting 2.5GW.
ASL CEO Nevenka Codevelle said, “To provide a clear signal to the market, we’ve released our first Consumer Trustee Investment Priorities, outlining the types of projects we want to see in this year’s NSW tenders—projects that can deliver long term value for consumers.
“2026 is a big year for our work supporting the delivery of the NSW Electricity Infrastructure Roadmap, with generation infrastructure LTESA tenders scheduled to recommence from Q2 alongside our next long duration storage tender.
“ASL recognises that since the development of our Long Term Energy Service Agreements, market conditions and technologies have evolved, with a noticeable shift toward solar hybrid projects. These projects generally offer a shorter time to market and we recognise their potential to help meet our 2030 infrastructure investment objectives.
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“To respond to this trend, ASL has released a consultation paper on the potential design of a Hybrid Generation LTESA product, which will specifically support solar hybrid projects. This consultation will help ensure the Hybrid Generation LTESA is designed in a way that supports high value projects and encourages efficient, revenue maximising operation.
“Whilst these potential products have been specifically designed to support the increased level of solar hybrids in the market, we want to be clear that wind projects also remain a key priority and could also access this new product and will still be supported through our existing Generation LTESA product.”
