Gas Market Settings Investigation
Gas Industry Company is investigating whether current market, commercial and regulatory settings that provide for gas availability and flexibility are fit for purpose in supporting the transition to 100% renewable electricity. The project was initiated when the Minister of Energy and Resources wrote to Gas Industry Company asking for an investigation. A response is due by mid-2021.
Gas Industry Company has met with key stakeholders across the industry. An issues paper is now being developed for consultation. It is likely to be published in early May.
Supporting analysis is also close to completion, including a study on gas supply and demand to 2035, and a gas in a renewables-rich future project.
Gas Industry Company has learned a lot from our conversations. We are grateful for the constructive engagement and thoughtful input and we encourage stakeholders to participate in the next round of written responses to the consultation document.