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.
This draft determination sets out our draft decisions on changes in regulated electricity retail prices from 1 July 2012.
The Minister for Resources and Energy has requested that IPART undertake a review and make a new determination for regulated electricity retail prices from 1 July 2013 until 30 June 2016.
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.
The standard retailers have proposed increases in regulated retail gas prices to take effect from 1 July 2012.