Final IPART report into 2011 electricity prices

Last updated: 16 June 2011 

The Independent Pricing and Regulatory Tribunal (IPART) has released its final report into regulated electricity prices to apply from 1 July 2011.

This report has found that electricity prices in NSW are set to rise approximately 6% above previously approved rises as a result of the Commonwealth’s Renewable Energy Target. In total the report states average regulated retail electricity prices will rise from July 2011 by:

• $230 per year (17.9%) for EnergyAustralia* residential customers
• $216 per year (15.5%) for Integral Energy* residential customers
• $316 per year (18.1%) for Country Energy* residential customers

Electricity prices are rising as a result of network charges, which are the costs to maintain our electricity networks (the poles and wires) and green schemes, like the Commonwealth’s Renewable Energy Target scheme, which will increase bills by 6% (approximately $75 per household). More information on contributing factors to electricity price increases is available here.

The NSW Government is implementing options to contain future costs. For more information see the NSW Government's fact sheet (PDF).

The NSW Government is also introducing a $200 Low Income Household Rebate for customers on low or fixed incomes and there are a range of measures to help with energy bills. For more information see the Questions and Answers

* On 1 March 2011, TRUenergy bought EnergyAustralia, and Origin Energy bought both Integral Energy and Country Energy. The new owners continue to use existing brand names.