On the 20th of December 2010, Gas Industry Co advised the Minister that the gas wholesale market trial was to be discontinued after lack of interest.

The report provides an update to the Minister of Energy on the work being carried out by Gas Industry Co on wholesale market arrangements and the proposed next steps for this workstream. It summarises the contents of, and feedback to, the first two discussion papers and identifies key proposals for taking the wholesale market project forwards. The focus remains on establishing a standard contract for short-term trading and developing a functional specification for the trading platform.

This recommendation provides an update on progress since the previous interim report to the Minister. It describes the preferred approach for completion of the work stream, and recommends early implementation of electronic trading in the form of a market trial.

This document recommends regulations to ensure effective and efficient management of a situation when gas is in short supply (whether due to a short-term production outage or physical problems with a transmission system) and the market proves unable to manage that situation through normal commercial operations.
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