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NSW Regulated Gas Prices to Increase on 1 July

Source: www.gulfoilandgas.com 5/18/2009, Location: Not categorized

AGL Energy Limited announced it will increase regulated retail prices and charges on 1 July 2009 for small gas customers in NSW.

The increase, which equates to an average of 4.35%, has been calculated in accordance with the provisions set out in the Voluntary Transitional Pricing Arrangement (VTPA) agreed between the Independent Pricing and Regulatory Tribunal (IPART) and AGL in 2007. The VTPA was agreed between IPART and AGL commencing 1 July 2007, and extends through to 30 June 2010.

The increase equates to an average of 23 cents per week for small residential customers, 49 cents per week for medium residential customers and 80 cents per week for large residential customers. Only AGL customers on regulated gas supply contracts will be affected by this increase.

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