The commission received 7 submissions to the issues paper on setting electricity prices for the next 3 years. We will be releasing our draft decision and holding a public inquiry in early 2024.
We protect the ongoing interests of consumers and businesses operating in the Territory through our regulatory decisions and advice to the ACT Government.
On Wednesday 7 June 2023 we released the annual update of regulated retail electricity prices. From 1 July 2023, ActewAGL’s regulated (standing offer) tariffs will increase, on average, by 4.15%. This is lower than the rate of inflation and represents a decline of 2.7 per cent in real terms.
We have approved an update to the Precinct Map effective 1 July 2023.
Commission determines regulated water and sewerage services prices for 1 July 2023 to 30 June 2028 On Monday, 1 May 2023, the commission announced its final decision on prices for water and sewerage services to apply in the ACT from 1 July 2023 to 30 June 2028 on Icon Water’s regulated tariffs.
The Treasurer has asked us to set prices for regulated water and sewerage services provided by Icon Water for the 5 years from 1 July 2023. We will investigate the prudent and efficient costs of delivering these services.
On 28 May 2019, the Commission received a terms of reference from the Treasurer to determine a price direction for standing offer prices for the supply of electricity to small customers who consume less than 100 MWh of electricity over any period of 12 consecutive months.
The commission will determine a price direction for standing offer electricity prices for small customers from 1 July 2024 – 30 June 2027. On 1 June 2023, we received terms of reference to investigate and determine a price direction for the supply of electricity to small customers.