Retail prices

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The electricity and gas retail markets in NSW are competitive, so all customers in NSW can choose their retailer and electricity and gas plans, and retailers decide the prices that they charge customers.

Energy Switch is a free NSW Government service that helps customers find a better plan on energy bills and starts the request to switch providers. The service compares and shows customers the best priced plans and features from all NSW household electricity providers, based on the activity detailed in their current bill. 

The Australian Energy Regulator (AER) also operates a free electricity and gas on-line price comparison service Energy Made Easy, which enables consumers to compare offers from different energy retailers.

Customers who do not choose a plan are automatically moved onto their retailer’s default standing offer.  The standing offer prices for electricity cannot exceed the default market offer prices that are set by the AER. Gas prices are not regulated.

We monitor electricity and gas prices

Energy retailers compete with each other to offer customers the lowest possible prices. When competition is working well, if a retailer increases its prices above the costs of supply, then they will be outcompeted and lose customers to other retailers.

The NSW Government has tasked IPART with monitoring the performance and competitiveness of the energy retail market for small customers, and reporting annually to the Minister for Energy. 

We recommend a ‘benchmark range’ for solar-feed in tariffs to help guide retailers and customers

In NSW, you may receive an ongoing payment (feed-in tariff) for the electricity that is generated by your solar panel. Retailers can choose whether or not to offer solar feed-in tariffs to their customers, and decide the level of the solar feed-in tariff that they offer.

However to help guide retailers and customers, each year IPART recommends a benchmark range for solar-feed in tariffs.

Previously, some solar customers were eligible for a subsidised feed-in tariff under the Solar Bonus Scheme. This scheme closed for all participants at the end of 2016.  

 

 

See also: Energy Reviews
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