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Electricty Reform Update

The Tasmanian Government has made some changes to its energy reform program in response to challenges in the external market. However, plans to introduce full retail competition to Tasmanian households and small businesses from 1 July 2014 remain in place.

The Government has closed the current sale process for Aurora Energy’s retail customer base following advice that this will not deliver the Government’s reform objectives at this time. These include achieving a fair and reasonable price for the customer asset.

What's changed?

Aurora Energy’s retail business will continue as the regulated electricity retailer serving Tasmania’s residential and small business customers.

Customers will not be assigned to a new retailer from 1 January 2014.

Where to from here?

The Tasmanian retail electricity market will be open to full retail competition, commencing from 1 July 2014. From this date, new retailers will be able to operate in Tasmania.

The Government continues to support the future sale of Aurora’s retail customer base and will proceed when market conditions improve.

The planned merger of Transend Networks and Aurora’s network business will continue. The new business, TasNetworks, will start operating on 1 July 2014.

What’s been achieved?

A large program of work to implement the Government’s reforms and provide benefits for Tasmanians has already been completed.

Progress includes:

  • Delivering a price decrease of at least 5.23 per cent to customers on 1 January 2014.
  • Updating the concessions framework to support vulnerable Tasmanian households.
  • Completing a major asset replacement program in the State’s electricity networks.
  • Proceeding with the merger of the network businesses.
  • Providing certainty on feed-in tariff arrangements for small solar customers and the industry.
  • Ensuring transparency of the wholesale price setting framework.
  • Consolidating the generation portfolio through the transfer of the Tamar Valley Power Station to Hydro Tasmania.

For more details, read the statement from the Minister for Energy and Resources, Hon Bryan Green MP.