Prospect Electricity
Encyclopedia
Prospect Electricity was the state-owned corporation owned by the Government of New South Wales
responsible for retailing electricity to consumers in the Greater Western Sydney
region between 1991 and 1996.
It was originally founded in 1957 as the Prospect County Council, as a spin-off from the Sydney County Council
, which was responsible for supplying electricity to much of the eastern half of Sydney. As with the Sydney County Council, it was initially controlled by local councils
in the area. It remained controlled by local councils until 1989, when the state government began to take control of electricity suppliers. Local government control was fully ended in 1991 when Prospect Electricity, a government business enterprise, was formed. On March 1, 1996, Prospect Electricity was merged with Illawarra Electricity to form Integral Energy
, in preparation for the National Electricity Market
& electricity deregulation.
Government of New South Wales
The form of the Government of New South Wales is prescribed in its Constitution, which dates from 1856, although it has been amended many times since then...
responsible for retailing electricity to consumers in the Greater Western Sydney
Greater Western Sydney
Greater Western Sydney is a term used to describe the western region of the metropolitan area of Sydney, Australia. The University of Western Sydney defines Greater Western Sydney as comprising 14 local government areas...
region between 1991 and 1996.
It was originally founded in 1957 as the Prospect County Council, as a spin-off from the Sydney County Council
Sydney County Council
The Sydney County Council was the authority responsible for electricity supplies in Sydney, Australia. The entity was created in 1936, and was elected and controlled by the municipal councils of Sydney. Between 1936 and 1952, it was responsible for electricity generation and distribution...
, which was responsible for supplying electricity to much of the eastern half of Sydney. As with the Sydney County Council, it was initially controlled by local councils
Local government in Australia
Local government in Australia is the third tier of government, administered by the states and territories which in turn are beneath the Commonwealth or federal tier. Unlike New Zealand, the US or the UK, there is only one level of local government in all states, with no distinction such as...
in the area. It remained controlled by local councils until 1989, when the state government began to take control of electricity suppliers. Local government control was fully ended in 1991 when Prospect Electricity, a government business enterprise, was formed. On March 1, 1996, Prospect Electricity was merged with Illawarra Electricity to form Integral Energy
Integral Energy
Integral Energy is the second largest state-owned energy corporation in New South Wales, incorporated under the Energy Services Corporations Act 1995 from a merger between Prospect Electricity and Illawarra Electricity...
, in preparation for the National Electricity Market
National Electricity Market
The National Electricity Market is the name of the Australian wholesale electricity market and the associated synchronous electricity transmission grid....
& electricity deregulation.