On 15 June 2012, the Commission announced that it had decided to commence an investigation of the wholesale electricity component of the retail costs that make up the standing contract price.

The Commission intends to conduct the investigation over the course of the next 6 months. If the Commission determines that there has been a material change in the wholesale electricity relevant to the standing contract price, it will make any consequential change to the standing contract price in December 2012, to apply from 1 January 2013.

Comments are sought on the Discussion Paper by close of business on Wednesday, 18 July 2012.

Submissions to the Wholesale electricity costs review have now closed.