The Independent Pricing and Regulatory Tribunal of New South Wales (IPART) commenced its review of the delivered price of natural gas in Albury and Moama in August 1997. The purpose of the review is to determine whether the delivered price of natural gas to the tariff markets in these towns should be regulated, and if so, how prices should be regulated. In establishing whether there is a need for regulation, the Tribunal is now in the process of determining whether:
· gas is being delivered at least cost
· current prices are reasonable
· satisfactory service is being delivered to customers
· suppliers are receiving an appropriate, but not excessive, return.