In June 2007 IPART finalised voluntary transitional pricing arrangements with the standard gas suppliers in NSW for the regulated retail prices. IPART developed a specific agreement with each of the standard suppliers, including Country Energy. The agreements provide for annual price increases of CPI or less. In special circumstances a supplier may apply to IPART to vary prices outside of this limit. In March 2008 Country Energy submitted a proposal for average price increases of 13.1 per cent to take effect from 1 July 2008, which is different to the standard arrangements of a CPI price increase that is provided for in the voluntary transitional pricing arrangement.
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