EnergyAustralia | 19.2 |
Integral Energy | 10.3 |
Country Energy | 17.6 |
NSW average | 16.4 |
Friday 13 April 2012
And now for the bad news - 2012/13 residential electricity pricing on the NSW North Coast
Independent Pricing And Regulation Tribunal NSW Draft Determination: Changes in regulated electricity retail prices from 1 July 2012 (PDF file)
Electricity prices are increasing
Based on our draft decision, average regulated retail electricity prices will increase by around 16% across NSW from 1 July 2012 – or by between an average of 10.3% and 19.2% across different electricity supply areas. These changes follow average increases of 10% and 17% across NSW in 2010/11 and 2011/12 respectively.
Table 1.1 IPART's draft decision on regulated average retail electricity price increases from 1 July 2012 (including inflation, %)
Note: The increases in regulated retail electricity prices are based on forecast network price increases which are subject to approval by the Australian Energy Regulator in June 2012…..
This year, the increases proposed in our draft decision are primarily driven by:
the continuing rise in forecast network costs, which contributes to around half of the average 16% price increase, and
the introduction of the Federal Government's carbon pricing mechanism, which contributes to the other half of the average price increase.
The other costs that contribute to regulated retail electricity prices will decline slightly, or remain fairly stable…..
Independent Pricing And Regulation Tribunal NSW Media Release, 12 April 2012:
Labels:
consumer choice,
electricity,
pricing
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