IPART today advised NSW consumers to ask the right questions before entering into a ‘market contract’ for electricity or gas.
IPART recently approved increases in the regulated price of electricity and gas for small residential and business customers, which will apply from 1 July 2011. These increases apply to customers who are on regulated or ‘standard contracts’ with their energy retailer.
Retailers also offer ‘market contracts’ for electricity and gas, and the prices paid by customers on these contracts are often discounted compared to the regulated prices. Customers may be able to get a better deal by entering into a market contract.
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