Notification of Levy Rates Under the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017 Notice 2023
This notice is issued pursuant to Regulations 7 and 11 of the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, and sets the following levy rates that will apply from 1 July 2023 to 30 June 2024:
Calculations for the 2023/24 PEFM and GSMEE levy rates are set out below:
| 2023/24 levy rates for gazettal | PEFML | Gas levy | |
| Regulation 6 | Regulation 10 | ||
| a | Estimated cost (cents) | 1,350,000,000 | 170,000,000 |
| b | Supplementary estimates amount | 0 | 0 |
| c | Adjustment amount | 136,171,700 | 68,270,000 |
| Sum of estimated costs, supplementary costs and adjustment amount (a+b+c) | 1,486,171,700 | 238,270,000 | |
| d | Estimated volume (litres and GJ respectively) | 6,683,321,985 | 59,327,707 |
| Variable EECA cost (cents) | 0.22 | 4.0 | |
| Regulation 5 | Regulation 9 | ||
| per litre | per GJ | ||
| a | Existing rate (cents) | 0.50 | 2.0 |
| b | Variable EECA cost (cents) | 0.22 | 4.0 |
| c | Levy rate | 0.72 | 6.0 |
Issued at Wellington on the 17th day of May 2023.
CAROLYN TREMAIN, Te Tumu Whakarae mō Hikina Whakatutuki – Secretary for Business, Innovation and Employment and Chief Executive, Ministry of Business, Innovation and Employment.
This notice is the Notification of Levy Rates Under the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017 Notice 2023.
The notice takes effect from 1 July 2023 and applies until 30 June 2024.
This notice is made under Regulations 7 and 11 of the Energy (Petrol, Engine Fuel, and Gas) Levy Regulations 2017, and gives notice of two levy rates calculated under Regulations 5 and 9 of those Regulations.
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. 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 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 internet site.