NSW gas prices to rise by 10 per cent

GAS prices are expected to rise by nearly 10 per cent next year, the NSW independent pricing tribunal is expected to announce.

The Independent Pricing and Remuneration Tribunal will on Tuesday report that the average gas bill will rise by an average of 9.5 per cent or more than $900 a year, according to News Ltd.

Volatility in the market for rising gas prices is being singled out as the major reason as to why prices will climb, IPART will report.

Australian Petroleum Production and Exploration Association of Australia's chief operating officer Rick Wilson said opposition to coal seam gas was also partly to blame.

The IPART report is also expected to reveal there will be a predicted six per cent drop in power bills in three years' time.

It should take the average household electricity price down to $2015 in 2015-16.

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