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The Independent Pricing and Regulatory Tribunal (IPART) has released its draft report into regulated electricity prices to apply from 1 July 2011. This report has found that electricity prices in NSW are set to rise approximately 6% above previously approved rises as a result of the Commonwealth’s Renewable Energy Target.In total the draft report states average regulated retail electricity prices will rise from July 2011 by:
* $230 per year (17.9%) for EnergyAustralia* residential customers * $228 per year (16.4%) for Integral Energy* residential customers * $316 per year (18.1%) for Country Energy* residential customers
Electricity prices are rising as a result of network charges, which are the costs to maintain our electricity networks (the poles and wires) and green schemes, like the Commonwealth’s Renewable Energy Target scheme, which will increase bills by 6% (approximately $75 per household). More information on contributing factors to electricity price increases is available here. This is a draft report. IPART is inviting comments from interested people on its draft report until 12 May 2011. IPART is also holding a public hearing on 2 May 2011. For information on how to make a submission or take part in the consultation process visit IPART’s website. The NSW Government will be making a submission to IPART and is seeking options to contain future costs or smooth the impact on customers. For more information see the NSW Government’s fact sheet (PDF).
The NSW Government is also introducing a $200 Low Income Household Rebate for customers on low or fixed incomes and there are a range of measures to help with energy bills. For more information see the Questions and Answers * On 1 March 2011, TRUenergy bought EnergyAustralia and Origin Energy bought both Integral Energy and Country Energy. The new owners continue to use existing brand names.
http://www.industry.nsw.gov.au/energy/customers/draft-ipart-report
This report has found that electricity prices in NSW are set to rise approximately 6% above previously approved rises as a result of the Commonwealth’s Renewable Energy Target.In total the draft report states average regulated retail electricity prices will rise from July 2011 by:
* $230 per year (17.9%) for EnergyAustralia* residential customers
* $228 per year (16.4%) for Integral Energy* residential customers
* $316 per year (18.1%) for Country Energy* residential customers
Electricity prices are rising as a result of network charges, which are the costs to maintain our electricity networks (the poles and wires) and green schemes, like the Commonwealth’s Renewable Energy Target scheme, which will increase bills by 6% (approximately $75 per household). More information on contributing factors to electricity price increases is available here.
This is a draft report. IPART is inviting comments from interested people on its draft report until 12 May 2011. IPART is also holding a public hearing on 2 May 2011.
For information on how to make a submission or take part in the consultation process visit IPART’s website.
The NSW Government will be making a submission to IPART and is seeking options to contain future costs or smooth the impact on customers. For more information see the NSW Government’s fact sheet (PDF).
The NSW Government is also introducing a $200 Low Income Household Rebate for customers on low or fixed incomes and there are a range of measures to help with energy bills. For more information see the Questions and Answers
* On 1 March 2011, TRUenergy bought EnergyAustralia and Origin Energy bought both Integral Energy and Country Energy. The new owners continue to use existing brand names.
http://www.industry.nsw.gov.au/__data/assets/pdf_file/0007/386926/nsw-govt-places-hold-on-solar-bonus-scheme.pdf
http://www.industry.nsw.gov.au/energy/sustainable/renewable/solar/solar-scheme/faq#Current-scheme-status-(announced-29-April-2011)
http://www.industry.nsw.gov.au/energy/customers/draft-ipart-report