The New South Wales electricity market helps to provide reliable and competitively priced electricity supplies to New South Wales business customers. Average electricity prices for both medium and large customers in New South Wales remain among the lowest in Australia. New South Wales' low energy prices help to attract a high level of foreign investment into Australia, particularly energy intensive industries, resulting in the creation of jobs and economic growth for the State.
New South Wales boasts reliable, world class electricity networks that include generation, transmission and distribution to industrial and commercial customers. In 2006, New South Wales had the lowest outage frequency of all Australian States and one of the lowest outage durations. Licence conditions on New South Wales electricity distributors require mandatory standards for the planning and reliability of new and existing infrastructure in New South Wales, helping New South Wales to achieve a reliability rate consistently between 99.94% and 99.98%.
The New South Wales Government is committed to reliable electricity supply and recognises power stations as being critical infrastructure for the future of New South Wales. In 2008, the New South Wales Government made a commitment to have all new power station applications and proposals assessed efficiently and quickly.