New South Wales seeking public comment on monitoring ethanol markets

August 20, 2018 |

In Australia, New South Wales’ Independent Pricing and Regulatory Tribunal (IPART) is seeking comments on its proposed approach to monitoring the wholesale and retail markets for ethanol used in fuel blends like E10.

Under the Biofuels Act 2007, a fuel retailer may be exempt from complying with the ethanol mandate if the price at which they purchased ethanol exceeds the wholesale price determined by IPART. IPART currently determines a wholesale price for ethanol based on an estimated import price.

IPART Chair Peter Boxall said IPART’s methodology for setting the wholesale price was applied from 1 January 2017 following extensive consultation.  It is intended to avoid distorting the wholesale ethanol market and support the development of further competition in ethanol production.

A paper released by IPART seeks feedback on a range of issues to be considered as part of the review and is seeking feedback until September 10, 2018.

IPART will release a draft report on its findings in October 2018 and will seek submissions before providing a final report to the Minister for Innovation and Better Regulation by December 2018.

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Category: Fuels

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