The state’s pricing regulator, the Independent Pricing and Regulatory Tribunal (IPART) has today recommended that electricity prices rise by up to 62 per cent, including inflation, over three years.
Electricity prices are already rising at a double-digit pace, following agreed price rises to allow big capital spending programs by electricity retailers such as EnergyAustralia and Integral Energy.
IPART says the biggest impact on the proposed price rises is the Federal Government’s recommended emissions trading scheme and increased network prices.
By 2013, the impact of the Federal Government’s emissions trading scheme would increase the average bill of EnergyAustralia customers by 23 per cent, Integral Energy customers by 25 per cent and Country Energy customers by 21 per cent.
See the SMH 15th Decemeber 2009, for the full article.