On 16 June 1998, Bob Carr, Premier of New South Wales, issued a Special Reference on Electricity to the Tribunal under Section 12A of the Independent Pricing and Regulatory Tribunal Act 1992.
The Independent Pricing and Regulatory Tribunal of New South Wales (IPART) commenced its review of the delivered price of natural gas in Albury and Moama in August 1997.
In keeping with commitments made in 1994 by the Council of Australian Governments (CoAG), the NSW Government is introducing competition into the supply of natural gas.