Rimfire Energy currently services the electricity needs of large business customers in the Northern Territory, and has recently started selling electricity to a small number of small business and residential customers in response to recent changes in market arrangements. As these market changes are rolled out over the coming months, Rimfire Energy will be looking to supply electricity to a broader range of small business and residential customers. Please refer to our Contact Us page for further details and to register your interest.
An Overview of the Northern Territory electricity industry
- The Northern Territory electricity industry primarily comprises three separate network areas, being the Darwin-Katherine, Tennant Creek and Alice Springs grids, plus a large number of stand-alone remote areas that are not grid connected.
- The Northern Territory electricity industry currently operates on a bilateral contract basis, where the government owned Territory Generation and various retailer participants buy and sell physical electricity through bilateral contracts directly between each other.
- The industry is broadly regulated by the Utilities Commission where the Commission's role is limited to its various statutory functions, including licensing, administering industry codes, network pricing and regulation, establishing standards of service, performance monitoring and the annual power system review and reporting, however the Commission does not regulate the whole electricity market and does not regulate wholesale electricity pricing.
- Recent changes in the industry, part of the NT Government's ongoing moves to create a competitive electricity industry, have seen the government owned incumbent monopoly (Power and Water Corporation), split into three separate companies to operate the government owned generation, network and retail business in a more transparent and arms length manner.