This notice of a recommendation and assessment for gas governance rules is issued by Gas Industry Company Limited ("Gas Industry Co") approved as the industry body by Order in Council under section 43ZL of the Gas Act 1992 ("the Act").
Recommendation
On 12 March 2008, Gas Industry Co made a recommendation to the Minister of Energy under sections 43F(2)(a), 43Q
and 43S of the Act for approval of the Gas (Downstream Reconciliation) Rules 2008 to provide for the establishment of a downstream allocation and reconciliation regime.
The rules will:
- implement a number of mandatory information quality measures;
- provide for the appointment of a single downstream allocation agent by Gas Industry Co;
- establish that the month end daily allocation service will be performed using a specified global methodology
on all gas gates to ensure that gas quantities and unaccounted for gas (UFG) are more fairly and accurately allocated across all retailers;
- provide for greater transparency through publication of a range of information, including UFG quantities;
- mandate clear, transparent governance structures and related processes;
- allow for the performance of audits and the establishment of a compliance regime; and
- provide for the granting of exemptions by Gas Industry Co, where appropriate.
A recommendation for amendments to the proposed Gas (Compliance) Regulations was made in conjunction with this recommendation.
A copy of Gas Industry Co's recommendation, including
the assessment, is available at no cost on Gas Industry
Co's website
http://www.gasindustry.co.nz
Dated at Wellington this 12th day of March 2008.
For and on behalf of Gas Industry Company Limited:
RT HON JAMES BOLGER, O.N.Z., Chair.