Each year, IPART is required to report to the NSW Minister for Energy on prices, competitive dynamics and the participation of households and small businesses in the NSW retail electricity and gas markets. The matters we must report on are specified in the National Energy Retail Law (NSW) 2012.
This year, we will also report on:
- new energy products and services, including virtual power plants and demand response programs
- the estimated annual bills for the range of retail electricity pricing structures, including flat rate, time of use and demand tariffs.
We published a Consultation Paper for our Energy Market Monitoring Reports on 17 July seeking submissions from stakeholders. Submissions closed on 22 August.
We received 23 submissions from a range of stakeholders including individuals, consumer advocacy groups, businesses, industry associations and the Energy and Water Ombudsman NSW. We have published these submissions on our website.
We appreciate the time and consideration that stakeholders dedicated to responding to the Consultation Paper. The submissions provide valuable insights into the challenges that consumers are facing when engaging with retail energy markets, and highlight key issues for further exploration and analysis. All submissions will be carefully considered as we prepare our Energy Market Monitoring Reports.
IPART will submit the Energy Market Monitoring Reports to the NSW Minister for Energy by 30 November. These reports will then be published on the IPART website in December.