Review of the Tasmanian Wholesale Electricity Market Regulatory Pricing Framework

A review of the Tasmanian wholesale electricity market regulatory pricing framework was announced in the 2017-18 State Budget.

The Terms of Reference for the Review can be accessed below.

The Department of Treasury and Finance invited written submissions to the Review from interested parties. A Guide to Submissions, outlining questions for consideration as part of the Review, was published on 1 November 2017. The submission period finished on 15 December 2017.

Submissions were received from:

As part of the Tasmania First energy policy, the Government has made a commitment to remove the linkage to Victorian prices when setting the Tasmanian wholesale electricity price.
 
The first step in this process has been to introduce the Electricity Supply Industry Amendment (Price Cap) Bill 2018 to cap price increases to no greater than CPI for the three year period from 2018-19.
 
The Terms of Reference for the Review of the Tasmanian Wholesale Electricity Market Regulatory Pricing Framework will be updated to reflect the Government’s policy and timeframe.  Consultation to date will inform the development of options to deliver the Government’s policy objectives​.

 

Queries about the Review should be sent to: wholesale.pricing.framework@treasury.tas.gov.au 

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