OF NEW SOUTH WALES
Gas Prices � Country Energy
10:00AM, Friday 21 December 2001
The Independent Pricing and Regulatory
Tribunal of NSW (IPART) today issued its final report on retail prices for
residential and small business gas consumers supplied by Country Energy
(formerly Great Southern Energy Gas Networks) in the Wagga area from
set of voluntary pricing principles agreed to by the Tribunal and Country
Energy are set out in the report. Prices
for residential and small business gas customers will increase only
moderately between now and the middle of 2004. The maximum increase in the
annual bill for residential gas customers will be $20 or 5 per cent above
the CPI. Many customers will
experience increases less than this maximum amount.
Customers will also pay for approved costs associated with
introducing retail competition.
report sets out prices under Voluntary Pricing Principles until June 2004.
The New South Wales Government has made clear its preference for Gas
Pricing Orders over Voluntary Pricing Principles, and the Tribunal intends
to issue a Gas Pricing Order once the NSW Ministry of Energy and Utilities
completes a review of the process by which these should be issued.
report and the voluntary pricing principles are available on IPART�s
Dr Tom Parry (Chairman)
Ph: (02) 9290 8411
Mr James Cox (Member)
Ph: (02) 9290 8491