Energy
Gas

Review of regulated gas retail tariffs and charges from 1 July 2016

Status
Review completed
Start Date
Sep 2015
End Date
Jul 2016

The Independent Pricing and Regulatory Tribunal of NSW (IPART) is responsible for regulating retail gas prices the Standard Retailers charge the 20% of customers who remain on standard contracts.

Across NSW, average regulated retail gas prices increased by 0.3% (including 1.3% inflation) on 1 July 2016.

Average change in regulated retail gas prices in 2016-17 (including inflation)

Retailer/Supply area

Change in Retail

Component

Changes in Network

Component

Overall price

Change

 AGL      

 Sydney, Wollongong, Newcastle,

Dubbo, Orange, Parkets and Riverina

1.3% 0.0% 0.8%
Origin Energy      
Albury/Murray Valley 0.0% 1.5% 0.4%
Wagga Waga and surrounds 0.0% 1.3% 0.6%
ActewAGL
     
Capital -0.7% 0.0% -0.4%
Queanbeyan -0.7%  -19.5% -7.5%
Shoalhaven  -0.7% 1.5% 0.2%
Sales volume - weighted NSW average     0.3%

Based on our analysis and expert advice we received for this review, we anticipate little change in the underlying costs that make up regulated gas prices in 2016-17.

Over the past few years a key factor putting upward pressure on regulated retail gas prices was rising wholesale gas costs, that is, the costs retailers incur to purchase gas from upstream producers.  The commencement of liquid natural gas (LNG) exports from Queensland meant domestic gas prices were rising towards international prices.  Our view is that the upward pressure on retail prices from rising wholesale gas costs has eased for the time being.

 

Key Contact
Have Your Say
IPART routinely seeks public input into our reviews via submissions, public hearings, stakeholder workshops and community surveys.
View all reviews open for submissions