Tasmanian Economic Regulator
The Tasmanian Economic Regulator (the Regulator) was established on 1 June 2012 under the Economic Regulator Act 2009, and replaced the statutory positions of Electricity Regulator, Director of Gas, Government Prices Oversight Commission, and Water and Sewerage Economic Regulator. The Regulator is independent of the Tasmanian Government.
The Regulator's responsibilities in regard to energy include:
- Administering the licensing system for electricity and gas entities
- Monitoring and regulating technical standards
- Monitoring and enforcing compliance
- Issuing, maintaining, administering and enforcing the Tasmanian Electricity Code and Gas Codes
- Other functions under the Act
Many functions of the Regulator in relation to electricity have been transferred to the Australian Energy Regulator (AER), including regulation of distribution network services which was transferred to the AER on 1 July 2012.
The Regulator will retain responsibility for regulating retail electricity prices for contestable customers until 31 December 2013 when the Government intends to introduce Full Retail Contestability (FRC) as part of the Tasmanian Government's electricity supply industry reforms. Once FRC is introduced, the Regulator will continue to be responsible for setting standing tariffs, however retailers will be able to offer different tariffs to customers.
For more information refer to the Tasmanian Economic Regulator's website.