Effective from 1 July 2014, there are changes to the way electricity is charged in NSW and Queensland, and how it affects you will all depend on where you are located and what sort of customer you are.
The NSW Government made the decision to remove retailer price regulation in the NSW electricity market. As a result, the Independent Pricing and Regulatory Tribunal (IPART) will no longer make electricity price determinations for the regulation of small site tariffs and under a deregulated market there will be no default price.
However, IPART is responsible for monitoring and reporting on competition in the retail electricity market in NSW and undertaking reviews of solar feed-in tariffs.
Energy retailers will not be able to offer a simple percentage discount, they will have to outline all their costs and charges. As you can appreciate electricity charges can be complex and consist of several different elements such as: retail usage; network usage; network demand; metering charges; retail service fees, etc.
With grant money for energy saving programs established under Labor now drying up, the rush by facility managers to take advantage of the programs and subsidised audits before they end is well and truly on.
For more information or assistance to ensure you do not miss out, contact Urban Maintenance Systems or NuGreen Solutions, UMS’s Energy Partner for guidance: 1300 300 025