NSW electricity prices are set to soar 62 percent by 2013, according to the state’s pricing regulator.
The Independent Pricing and Regulatory Tribunal (IPART) has today recommended that electricity prices rise by up to 62 percent, including inflation, over three years.
IPART says the biggest impact on the proposed price rises is the Federal Government’s recommended emissions trading scheme and increased network prices.
Based on these recommendations, by 2013, the impact of the Federal Government’s emissions trading scheme would increase the average bill of EnergyAustralia customers by 23 percent, Integral Energy customers by 25 percent and Country Energy customers by 21 percent.
Any electricity price rise must be approved by the NSW Government and would come into effect from July next year.