40Standing offer prices

40 Standing offer prices

[Section 40 Substituted by No. 9 of 2012, s. 17, Applied:01 Jul 2012]

(1)  [Section 40 Subsection (1) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] A regulated offer retailer must fix its standing offer prices in respect of small customers.

(2)  [Section 40 Subsection (2) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] [Section 40 Subsection (2) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] [Section 40 Subsection (2) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] Except under a market retail contract, a regulated offer retailer must not –

(a) sell, or offer to sell, electricity to a small customer at a price; or

(b) require payment of a charge –

unless the price or charge is a standing offer price fixed under subsection (1) or a standing offer price as amended under subsection (4) .

Penalty:  Fine not exceeding 1 000 penalty units.

(3)  [Section 40 Subsection (3) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] [Section 40 Subsection (3) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] A standing offer price fixed under subsection (1) , and a standing offer price as amended under subsection (4) , may specify different prices or charges for different classes of small customers but may not specify different standing offer prices, in respect of different areas of Tasmania, for the same class of small customers.

(4)  [Section 40 Subsection (4) amended by No. 5 of 2013, s. 13, Applied:01 Jun 2013] A regulated offer retailer may –

(a) amend a standing offer price fixed under or a standing offer price as amended under this subsection; or