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Gas Industry Co has two main sources of funding to meet the total costs of delivering the work programme and other aspects of its role as the industry body – the levy and market fees.

Regulatory framework and our role
We look after gas governance and markets, such as pipeline access, balancing and reconciliation in the system, and data and day-to-day production and consumption. We work closely with other agencies regulating aspects of the energy system.

We regularly produce or commission research and analysis on aspects of the gas industry.

The ability to store gas contributes to a more flexible and resilient gas supply system.

The difference between the volume of gas injected at a gate and the volume retailers submit is unaccounted for gas (UFG).

The Market Administrator must publish all of its determinations under regulation 18 of the Gas Governance (Compliance) Regulations, including those that have been referred to the Investigator or Rulings Panel.

The Gas Governance (Critical Contingency Management) Regulations 2008 requires the industry to have sound arrangements for the management of critical gas outages and other security of supply contingencies, without compromising long-term security of supply.

Downstream Reconciliation involves reconciling volumes of gas leaving the high-pressure transmission system with volumes consumed by end-users, and appropriately attributing those volumes, plus any unaccounted-for-gas (UFG), to retailers.

On 6 November 2020, Gas Industry Co released its consultation paper Extending the Electricity Price Review’s Final Recommendations to the Gas Market – An Assessment. The consultation paper sets out Gas Industry Co’s initial assessment on whether or not the 32 recommendations should be extended to Gas markets.

About the Scheme
The Gas Distribution Contracts Oversight Scheme (the Scheme) is a non-regulatory gas industry governance arrangement that was endorsed by the Minister of Energy and Resources in September 2012.