Notification of Levy Rate Under the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017 Notice 2019

This notice is issued pursuant to Regulation 11 of the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, and sets the following levy rate that will apply from 1 July 2019 to 30 June 2020:

The gas safety, monitoring, and energy efficiency (GSMEE) levy is 3.4 cents per gigajoule.
Calculations for the 2019/20 GSMEE levy is set out below:

	2019/20 levy rate for gazettal	GSMEE
		Regulation 10
a	Estimated cost (cents)	110,000,000
b	Supplementary estimates amount	0
c	Adjustment amount	-14,000,000
	Adjustment amount to collect	96,000,000
d	Estimated volume (GJ)	69,565,382
	Variable EECA cost (cents)	1.4
		Regulation 9
		per GJ
a	Existing rate (cents)	2.0
b	Variable EECA cost (cents)	1.4
c	Levy rate	3.4

Notice

1 Title

This notice is the Notification of Levy Rate Under the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017 Notice 2019.

2 Commencement

The notice takes effect from 1 July 2019 and applies until 30 June 2020.

3 Application

This notice is made under Regulation 11 of the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, and gives notice of the GSMEE levy rate calculated under Regulation 9 of those Regulations.

Issued at Wellington this 13th day of June 2019.

CAROLYN TREMAIN, Chief Executive, Ministry of Business, Innovation and Employment.

Explanatory Note

This note is for explanatory purposes only.

The petroleum or engine fuel monitoring (PEFM) levy and the gas safety, monitoring, and energy efficiency (GSMEE) levy are provided for in the Energy (Fuels, Levies, and References) Act 1989 (“Act”). Sections 23 and 24 of that Act provide for the PEFM and GSMEE levy rates to be calculated in accordance with regulations.

The regulations are the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, which provide for the levy rate to be calculated each year to account for variations in the levy funding of the Energy Efficiency and Conservation Authority (EECA).

Regulations 7 and 11 require the chief executive of the Ministry of Business, Innovation, and Employment (“Ministry”) to publish a note that sets out the levy rate and calculation for the PEFM levy and the GSMEE levy, for each levy period, in the New Zealand Gazette and on the Ministry’s website.

This notice issued pursuant to Regulation 11 of the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, refers only to the GSMEE levy rate that will apply from 1 July 2019 to 30 June 2020.