This notice of a recommendation for amendments to the
Gas (Downstream Reconciliation) Rules 2008 ("the 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").
Section 43O of the Act provides that, after making a recommendation for a gas governance regulation to the Minister of Energy and Resources ("the Minister"), Gas Industry Co must publicise the recommendation.
Recommendation
Following a review of the Rules and their operation, carried out between 2011 and 2012, Gas Industry Co made a recommendation to the Minister for a number of amendments to the Rules.
The effect of the recommended amendments is to:
- codify long-standing exemptions which arose due to unforeseen issues with the original drafting of the Rules, and required operational experience and analysis to resolve;
- reduce the compliance burden created by certain arrangements, where the cost of administering technical breaches outweighs the impact of those breaches; and
- address other operational issues identified by the industry group convened during the Rules review, to better achieve the purpose of the Rules.
A copy of Gas Industry Co’s recommendation, which includes the assessment completed under section 43N of the Act, is available at no cost on Gas Industry Co’s website
www.gasindustry.co.nz
Dated at Wellington this 11th day of February 2013.
For and on behalf of Gas Industry Company Limited:
RT HON JAMES BOLGER, ONZ, Chair.