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ARTICLE · 10 DECEMBER 2012

IPART is setting regulated electricity prices for 2013-16 now

Clayton Utz
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IPART's papers cover a range of issues, but two revisions relating to energy costs setting are of particular interest.

AustraliaEnergy and Natural Resources
Graeme Dennis (Formerly With Clayton Utz)
Graeme Dennis (Formerly With Clayton Utz)
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Key Points:

Estimates of the long run market cost (LRMC) and the market-based cost of energy will both be used to set the floor price for the energy purchase costs element of the regulated price.

The NSW Independent Pricing and Regularly Tribunal (IPART) has begun its triennial review into regulated retail prices. It will set prices for 2013-2016 early next year. Submissions on the IPART review Issues Paper and three draft Methodology Papers are now open.

IPART's papers cover a range of issues, but two revisions relating to energy costs setting may be of particular interest:

  • estimates of the long run market cost (LRMC) and the market-based cost of energy will both be used to set the floor price for the energy purchase costs element of the regulated price; and

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