The NT has a regulated energy policy and a single provider. Prices are set by the government.
The Northern Territory has limited electricity provision. Jacana Energy is the only retailer in NT and is owned by the government.
Who provides energy to the Northern Territory?
The Power and Water Corporation distributes electricity to all of the Northern Territory. However, they generate electricity almost completely through unsustainable practices. Concessions of up to 50% off electricity bills are offered to valid card holders.
Retail electricity, including tariffs and fees, are set by the Territory government and retailed through the provider, Jacana Energy. For residential premises, Jacana Energy has fixed tariffs for daily energy use.
Gas is distributed by Australian Gas Networks (previously known as Envestra) and the Power and Water Corporation. The gas is delivered to homes and businesses.
Jacana Energy is the only electricity provider in the Northern Territory and gas provision is limited.
Groups that sell energy, either gas or electricity, are referred to as energy retailers. They purchase energy from distributors. After purchasing the energy, they deliver it to residential and commercial customers via pipelines and the electricity grid. Retailers then charge the customer based on how much it costs to purchase the energy, transport it and maintain the related infrastructure.
Will electricity prices rise in the Northern Territory this year?
The NT government sets electricity prices, which are currently priced below the actual cost of generating and supplying the electricity. Prices will almost certainly rise over the next few years.