Retail Electricity Prices 2020-24


Commission receives terms of reference to determine retail electricity prices from 1 July 2020

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 price direction will be for the period 1 July 2020 to 30 June 2024.

The Terms of Reference also require the Commission to consider whether changes could be made in the Territory to promote improved transparency and comparability of electricity price offers.

The terms of reference is available at https://www.legislation.act.gov.au/View/di/2019-72/current/PDF/2019-72.PDF.

Stakeholders can provide feedback on the inquiry at any time via this link.

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Public Hearing: Retail electricity price investigation 2020 - 24

As part of the Commission’s retail electricity price investigation, the Commission will hold a public hearing at 2pm on Thursday, 5 March 2020 at the Canberra Museum and Gallery, Cnr. London Circuit and Civic Square, Canberra City ACT 2601.

The public hearing will include a presentation which will outline the Commission’s draft decisions and draft recommendations. It will also include a question and answer session.

For catering purposes, we ask that you register your attendance via email with the Commission at icrc@act.gov.au or telephone at 6205 0799.

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Draft report: Retail electricity price investigation 2020 - 24

On 4 February 2020, the Commission released a draft report and proposed price direction for standing offer prices for the supply of electricity to small customers on ActewAGL’s regulated tariffs from 1 July 2020. The draft report also sets out the Commission’s draft recommendations to improve the transparency and comparability in the ACT retail electricity market.

A copy of the draft report, the proposed price direction and media release are available below.

As part of the investigation the Commission engaged Frontier Economics to provide advice on setting the contracting position which is used in the calculation of wholesale electricity purchase costs. A copy of Frontier Economics’ report is available below.

The Commission surveyed ACT electricity consumers as part of its investigation into the comparability and transparency of electricity offers. The survey results are available below.

Written submissions on the draft report are invited. A submission coversheet is available here. The closing date for written submissions on the draft report is Friday, 20 March 2020.

Submissions on Issues Paper

Document NameTypeSizePublished date
Submission 1 - ACATPDF5.1 MB4 Nov 2019
Submission 2 - ACTCOSSPDF114.3 KB4 Nov 2019
Submission 3 - ActewAGL RetailPDF975.1 KB4 Nov 2019
Submission 4 - Energy AustraliaPDF182.8 KB4 Nov 2019
Submission 5 - Origin EnergyPDF284.3 KB4 Nov 2019
Submission 6 - Electricity ConsumerPDF191.2 KB15 Jan 2020

Release of Issues Paper: Electricity price investigation

On Monday, 2 September 2019, the Commission released an issues paper outlining its approach to the 2020-24 electricity price investigation.

A copy of the issues paper and media release is available below.

Submissions on the issues paper closed on Friday, 11 October 2019.