Review of Electricity Pricing and Tariff Structures
On 25 June 2009, the Premier and the Treasurer directed the Authority under section 10(e) of the Queensland Competition Authority Act 1997 to conduct a Review of Electricity Pricing and Tariff Structures (the review).
The Direction requires the Authority to:
- Stage 1: examine the current Benchmark Retail Cost Index (BRCI) methodology and alternative pricing-setting methodologies for reflecting the costs of supplying electricity including network costs and accounting for all State and Commonwealth Government environmental obligations; and
- Stage 2: examine Queensland's existing retail electricity tariffs and alternative tariff structures which may assist in the long-term management of peak electricity demand and provide an incentive for customers to use electricity more efficiently.
The Direction notes that the Government intends that any new retail electricity price setting methodology and associated tariff structures arising from this review should underpin the setting of the 2010-11 notified retail electricity prices.
A copy of the Ministers' Direction Notice and a letter from Minister for Natural Resources, Mines and Energy and Minister for Trade regarding the review can be downloaded below.
The Authority released its Final Report in respect of Stage 1 of the review on 8 September 2009 and its Final Report on Stage 2 of the review on 2 December 2009.
Ministers' Direction Notice
