IPART Information Paper on 2012/13 gas prices

Regulated retail gas prices will increase by 9% to 15% across NSW from 1 July 2012, with the price increases for individual customers depending on their standard retailer and their annual consumption. For the majority of customers around half the increase is due to the introduction of the Commonwealth’s Carbon Tax and the other half is due to increases in gas distribution network prices which are regulated by the Australian Energy Regulator.

The Carbon Tax increases retail gas prices by 6% to 9%. Gas distribution network price increases for AGL and ActewAGL customers (in Jemena’s gas distribution network area) will add a further 6% to customers’ bills.

The average price increases for a typical household will vary for customers of the four retailers as follows:

• $106 per year (14.8%) for AGL residential customers
• $117 per year (10.4%) for Origin Energy’s Murray Valley residential customers
• $93 oer year (11.6%) for Origin Energy’s Country Energy residential customers (the Wagga Wagga area)
• $46 to $142 per year (8.8% to 14.5%) for ActewAGL’s ACT/NSW border and Shoalhaven residential customers.