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The NSW Energy Reform process commenced on 1 November 2008 to:
- sell the retail arms of the State-owned energy corporations (EnergyAustralia, Integral Energy and Country Energy);
- sell the seven power station development sites around NSW;
- contract the electricity trading rights (four bundles) of the nine State-owned power stations to the private sector (the ‘Gentrader model’);
- maintain public ownership of existing power stations;
- maintain the public ownership of electricity transmission and distribution networks (the poles and wires).
What was transacted
In December 2010 the NSW Government as part of the NSW Energy Reform process transacted all the retail arms of the three State owned energy corporations (Energy Australia, Integral Energy and Origin Energy); four development sites (Bamarang, Marulan - Energy Australia & Delta Electricity sites, Mt Piper Extension site) and two GenTrader bundles (Delta Electricity’s Western output and Eraring Energy).
Delta transactions
The Delta West Gentrader contract bundle included the Western output from Mt Piper and Wallerawang, the Mt Piper Extension site and the Marulan development site and sold to TRUenergy. The Bamarang development site (near Nowra) was sold to Infratil.
The Gentrader model
The Gentrader model is designed to allow the ownership of the power stations to be retained by the Government and the contractual rights to trade the electricity produced to be held by privately owned Gentraders. Each Gentrader has the right to trade the electricity into the wholesale market that is produced by the group of generating assets to which it is attached.
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