New South Wales Consolidated Regulations

ELECTRICITY SUPPLY (GENERAL) REGULATION 2001 - REG 63

63 Terms and conditions applying to non-small retail customers

(1) A retailer of last resort and a transferred customer who is not a small retail customer may agree as to the terms and conditions of the supply of electricity under the last resort supply arrangements.

(2) If there is no such agreement, the retailer of last resort must supply electricity to the premises of a transferred customer who is not a small retail customer at a price that does not exceed:

(a) the total of the pool price plus a margin of 10 per cent or $20 per MWh of electricity (whichever is the lesser) and any additional charges specified in the last resort supply arrangement (being network charges, costs of network losses, NEMMCO charges, charges relating to metering services or other charges approved by the Minister), or

(b) the published charges for the supply of electricity to customers, being charges applying generally to the supply of electricity to such customers other than small retail customers at the date that the last resort supply arrangements come into effect,

whichever is the greater.

(4) In this clause:
"pool price" means the spot price at the local regional reference node under the National Electricity Code .
"published charges" means the charges published in a newspaper circulating generally in this State.