Regulated electricity prices 2011–12

Status
Past review
Final report
31/05/2011

On 31 May 2011, the QCA released its final decision on notified electricity prices for 2011-12.

The QCA calculated prices would increase by 6.60% between 2010–11 and 2011–12, compared to an estimated increase of 5.83% at the time of its draft decision.

The increase in prices would have been 8.31% had it not been for a decision by the Queensland Government to limit the amount of revenue it would allow Energex and Ergon Energy to collect in 2011–12 as a result of a decision by the Australian Competition Tribunal.

The final decision, consultant’s reports, modelling data and the Gazette notice of 2011–12 notified prices can be accessed below.

On 17 December 2010, the QCA released its draft decision on the 2011-12 BRCI.

The QCA applied the same framework it has used in previous BRCI decisions, and the draft increase in electricity prices for 2011-12 was 5.83%.  Changes to the federal government’s Renewable Energy Target (RET) scheme accounted for 2.91 percentage points of the increase.

Submissions closed on 11 February 2011.

The draft decision, ACIL’s cost of energy draft report, supporting data files and submissions can be downloaded below.

On 23 September 2010, we released an interim consultation notice in relation to the 2011-12 BRCI seeking submissions from interested parties. Submissions closed on 11 October 2010.

On 21 September 2010, the Minister for Natural Resources, Mines and Energy and Minister for Trade issued a certificate of delegation to the QCA requesting that it undertake the Benchmark Retail Cost Index (BRCI) process for 2011-12. The certificate of delegation can be accessed below.

Report and papers

Title Document
16 May 2011 Final report QCA Final Decision re BRCI for Notified Prices 2011-12 pdf, 929.06 Kb
16 May 2011 Notice Gazette Notice re Notified Prices 2011 12 pdf, 255.62 Kb
16 May 2011 Consultant report ACIL Final Report re Calculation of Energy Costs in the BRCI for 2011-12 pdf, 1.66 Mb
21 May 2011 Consultant report ACIL Energy purchase cost hedging cost dataset Half hourly contract volumes and prices for 2011 xlsx, 987.89 Kb
21 May 2011 Consultant report ACIL Energy purchase cost NEM load dataset Half hourly load and price traces for 2011-12 xlsx, 2.63 Mb
21 May 2011 Consultant report ACIL – LRMC load dataset – Half hourly load for 2010 xlsx, 863.47 Kb
Title Document
15 December 2010 Draft report QCA Draft Decision re BRCI for Electricity 2011 12 pdf, 508.79 Kb
16 December 2010 Consultant report ACIL Draft Report Calculation of Energy Costs in the BRCI for 2011-12 pdf, 1.58 Mb
21 December 2010 Consultant report ACIL Energy purchase cost hedging cost dataset Half hourly contract volumes and prices for 2011 xls, 2.80 Mb
21 December 2010 Consultant report ACIL Energy purchase cost NEM load dataset Half hourly load and price traces for 2011-12 xls, 7.56 Mb
21 December 2010 Consultant report ACIL LRMC load dataset Half hourly load for 2010 xls, 1.99 Mb
Title Document
21 February 2011 Submission AGL pdf, 508.10 Kb
21 February 2011 Submission Australia Power and Gas pdf, 322.71 Kb
21 February 2011 Submission Chamber of Commerce and Industry Queensland pdf, 1.11 Mb
21 February 2011 Submission EnergyAustralia pdf, 1.94 Mb
21 February 2011 Submission Origin Energy pdf, 156.90 Kb
21 February 2011 Submission QCOSS pdf, 336.92 Kb
21 February 2011 Submission Queensland Consumers Association pdf, 42.83 Kb
21 February 2011 Submission Queensland Government pdf, 2.10 Mb
21 February 2011 Submission TRUenergy pdf, 1.76 Mb
Title Document
15 September 2010 Notice QCA Interim Consultation Notice re BRCI for 2011-12 pdf, 116.13 Kb
Title Document
15 October 2010 Submission AGL Submission re BRCI for 2011-12 pdf, 499.57 Kb
15 October 2010 Submission Energy Australia Submission re BRCI for 2011-12 pdf, 1.47 Mb
15 October 2010 Submission Integral Energy Submission re BRCI for 2011-12 pdf, 67.68 Kb
15 October 2010 Submission Origin Energy Submission re BRCI for 2011-12 pdf, 417.15 Kb
15 October 2010 Submission Qld Consumers Association Submission re BRCI for 2011-12 pdf, 55.36 Kb
15 October 2010 Submission Qld Council of Social Service Submission re BRCI for 2011-12 pdf, 195.63 Kb
15 October 2010 Submission Qld Government Submission re BRCI for 2011-12 pdf, 188.66 Kb
15 October 2010 Submission TRUenergy Submission re BRCI for 2011-12 pdf, 42.22 Kb