Peak out of sight on an energy price hike

New South Wales' decision to hike gas and electricity prices will pain business, but uncertainty due to the regulator's refusal to set prices past 2014 will hurt most.

Here comes the winter of discontent for three million households and smaller businesses in New South Wales as they are told their electricity and gas prices are going up from July 1.

The state’s Independent Pricing & Regulatory Tribunal, in a draft determination that will be finalised next month, is pushing power bills 3 per cent higher for 2013-14, while gas bills will rise by an average of 8.6 per cent.

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