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NATIONAL ENERGY RETAIL LAW (ACT) ACT 2012 (NO. 31 OF 2012) - SECT 14

Standing offer prices to be consistent with price directions for small customers

    (1)     This section applies if a price direction about the pricing of the sale and supply of energy to small customers (however described) that applies to a retailer is in force.

Note     The National Energy Retail Law, s 2 (2) provides that a reference to the sale and supply of energy includes a reference to the sale or supply of energy (see also s 4).

    (2)     The retailer must ensure that the retailer's standing offer prices for or in connection with the sale and supply of the energy to the customers, including any variation of the prices, are consistent with the price direction.

    (3)     In this section:

"price direction" means a price direction made by the ICRC under the Independent Competition and Regulatory Commission Act 1997 .



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