The New South Wales electricity market helps to provide reliable and competitively priced electricity supplies to New South Wales business customers. In 2007, New South Wales electricity prices for medium users were competitively priced with customers paying an average 17.3 cents per kilowatt hour. New South Wales’ competitive 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 2006-07, New South Wales had one of the lowest outage frequencies of all Australian States.
The New South Wales Government is committed to addressing climate change and reaching long term carbon reduction targets. The New South Wales Energy Efficiency Strategy aims to reduce greenhouse gas emissions from energy consumption and lessen the impact of the global trend of rising energy prices on businesses and the community by reducing energy consumption.
The New South Wales electricity market is changing in support of climate change initiatives. By September 2008, there were 232,235 residential and business GreenPower customers in New South Wales, with 50,900 new customers acquired over the previous 12 months. GreenPower is a national accreditation program that was started and managed by the New South Wales Government.