The Biofuels Act 2007 provides for a minimum ethanol and biodiesel content for fuels sold in NSW.
IPART has two roles under the Act:
- to determine, and periodically review, a ‘reasonable wholesale price’ for ethanol for use in the production of petrol-ethanol blends such as E10, and
- to monitor the retail market (including prices) for petrol-ethanol blend and make reports to the responsible Minister on the effect of a determination of the reasonable price for wholesale ethanol.
For more information on IPART’s role in this area, please see Ethanol.