The state government will remove electricity price regulation from July 1, after 2013 reports from the Independent Pricing and Regulatory Tribunal (IPART) and the Australian Energy Market Commission (AEMC) found regulation may have stopped competitive pricing.
Baulkham Hills MP David Elliott said customers with regulated electricity prices would see a reduction on their bill for the first time in 15 years.
Any customers who have not switched over to a competitive market contract by July 1 will automatically be transferred to a transitional tariff.
‘‘The removal of retail electricity price regulation will not change access to energy rebates, protection laws or the quality of customers’ electricity supply,’’ Mr Elliott said.
Free comparisons can be made on the Australian Energy Regulator’s website: http://energymadeeasy.gov.au