12 Apr 2016
Today IPART has released a Draft Report for the review of regulated retail gas prices from 1 July 2016. Under our draft decisions, regulated gas prices would increase by an average of 0.9% across NSW from 1 July 2016, which is less than the rate of inflation. These prices apply to just under 20% of residential and small business customers who remain on regulated prices under a standard contract with one of the Standard Retailers in NSW – AGL, ActewAGL and Origin Energy.
From 1 July, most residential customers on regulated prices would see a small increase in their annual bills ranging from $6 to $14, while ActewAGL’s customers in the Capital region would see a slight reduction of $2 in their annual bills.
Our draft decisions are based on pricing proposals submitted by AGL and Origin Energy in January 2016, and a revised pricing proposal provided by ActewAGL in April 2016. We undertook analysis and commissioned expert advice to assess these proposals, and made draft decisions to agree to each of these proposals. The Draft Report sets out our draft decisions, and explains how we reached those decisions.
We are seeking comment on this Draft Report. We will hold a public hearing on Tuesday 3 May 2016. We also invite written submissions by 11 May 2016.
We will consider all the issues raised in the public hearing and submissions, and make our final decisions in June 2016 in time for price changes on 1 July 2016.
Further Information