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Question and Answer Tracking Details

6783 - MONITORING OF ELECTRICITY CONTRACTS AND PRICES

Hornery, Sonia to the Minister for Planning, Minister for Housing, and Special Minister for State representing the Minister for Resources, Minister for Energy and Utilities, Minister for Arts, Vice-President of the Executive Council

How does the Government plan to monitor the contracts and prices offered by power companies to ensure customers receive fair rates?
Answer -

I am advised:

The  Government is well progressed in developing obligations on retailers to provide information to the Government on customers who receive rebates and are on the standing offer. These obligations will be implemented through the Social Programs for Energy Code before the end of the year. This will be supported by a compliance and enforcement framework.

In addition, the NSW Independent Pricing and Regulatory Tribunal (!PART) has been appointed as the Market Monitor under Part 9A of the National Energy Retail Law (NSW) No. 37a. This role tasks I PART with reporting on an annual basis the performance and competitiveness of the retail electricity market and the retail gas market for small customers in New South Wales.

The Australian Competition and Consumer Commission has also recently released a preliminary report for the Retail Electricity Price Inquiry.

Question asked on 11 October 2017 (session 56-1) and printed in Questions & Answers Paper No. 151
Answer received on 14 November 2017 and printed in Questions & Answers Paper No. 156

The Parliament of New South Wales acknowledges and respects the traditional lands of all Aboriginal people, and pays respects to all Elders past and present. We acknowledge the Gadigal people as the traditional custodians of the land on which the Parliament of New South Wales stands.