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NSW Electricity Privatisation - Sale of NSW Retail Energy Businesses

Thu 6 Mar 2008

NSW Electricity Privatisation - Sale of NSW Retail Energy Businesses

Relevant to the potential privatisation of NSW electricity retailing businesses, a National Electricity Rule Change Request currently before the Australian Energy Markets Commission (AEMC) would have the potential to substantially reduce operating costs for NSW retailers and lower the cost of electricity supply for consumers.

The proposed Futures Offset Arrangement (FOA) facility would enable privatised NSW electricity retailers to utilise SFE electricity future hedges to reduce spot market (MCL) bank guarantee requirements by up to 76% or $1.5 billion.*

Please visit the FOA Rule Change Request link or contact a member of the d-cyphaTrade team on 1800 330 101 for further details.

* figures approximated basis the NSW Q2 2008 base load electricity futures price as at 19 Feb 2008. Ability to achieve cost reductions is contingent on the outcome and timing of the AEMC rule change process.