As at 30 June 2009, there were twenty-nine power companies holding electricity retail supplier licences in NSW and Energy Australia, Integral Energy and Country Energy account for approximately 81% this retail market.
Integral Energy, Energy Australia and Country Energy are all owned by the New South Wales Government.
The Review of regulated retail tariffs and charges for electricity 2010-2013:
Electricity — Final Report March 2010 shows that:Integral Energy average regulated retail tariffs will rise by 7% in 2010-11, 14% in 2011-12 and 20% in 2012-13.
Energy Australia average regulated retail tariffs will rise by 10% in 2010-11, 16% in 2011-12 and 25% in 2012-13.
Country Energy average regulated retail tariffs will rise by 13% in 2010-11, 17% in 2011-12 and 24% in 2012-13.
The Independent Pricing and Regulatory Tribunal stated in a recent media release:
From 1 July 2010, average annual prices will increase by 7% for Integral Energy customers, 10% for EnergyAustralia customers, and 13% for Country Energy customers.
Over the next 3 years to June 2013, average prices will increase by a cumulative total of 20% for Integral Energy, 36% for EnergyAustralia, and 42% for Country Energy.
IPART Acting Chairman and CEO Mr Jim Cox said: "The network increases, which were determined by the AER, will allow network service providers to increase investment in infrastructure and improve network security and reliability of supply in line with the new licence conditions imposed by the NSW Government".
For single Aged, Disability or Veterans' Affairs pensioners living alone this will possibly mean a cost increase of somewhere between $30+ for the very power frugal over the coming winter to $65+ for those who need to regularly put the electric heater on to keep warm.
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