What is under review?
IPART has received a draft terms of reference from the NSW Government on the future of embedded networks is NSW. We have been asked to recommend:
- appropriate price protections for customers supplied electricity, gas or hot or chilled water through an embedded network, and
- whether the NSW Government should prohibit the establishment of new hot and chilled water embedded networks.
We are seeking submissions on our draft terms of reference. Submissions will close on 14 April 2023.
Once the terms of reference are finalised, we will undertake consultation and deliver a final report to the NSW Government within 9 months.
About embedded networks
Embedded networks are private energy networks for services such as electricity, hot water and gas. They are typically found at more recent residential developments, shopping centres, and caravan parks.
Customers in embedded networks have limited access to retail competition and competitive market forces to put downward pressure on prices.