In 2010, we agreed Voluntary Transitional Pricing Arrangements (VTPAs) with each standard gas retailer in NSW for the period 1 July 2010 – 30 June 2013. Standard retailers set their regulated retail gas prices in line with their VPTAs, and we monitor their compliance with the VPTAs. The VTPAs provide for standard retailers to increase retail gas prices to reflect the additional costs of the Commonwealth Government’s carbon pricing mechanism from 1 July 2012. The standard retailers have proposed increases in gas retail gas prices. Our role is to assess whether this increase is reasonable, and if so, standard retailers will be able to increase their retail gas prices on 1 July 2012 to recover these additional costs.