The NSW electricity industry is undergoing major structural change in preparation for the introduction of generation and retail sales competition. This has involved:
· amalgamation of the previous 25 distributors into 2 large metropolitan and 4 rural distribution businesses
· separation of transmission from generation and establishment of TransGrid.
· splitting of Pacific Power into 2 generation companies, FirstState and Macquarie.
In addition, new legislation has been introduced to facilitate market trading of electricity. This requires all areas of the industry to review their systems, organisational structures, financial reporting requirements and business practices.