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The critical contingency market fees are monthly fees that cover the costs of the Critical Contingency Management (CCM) arrangements.
These costs are:
- The costs payable to the Critical Contingency Operator (CCO).
- The costs payable to any person appointed by Gas Industry Co to carry out any obligations under the CCM Regulations.
- The costs of Gas Industry Co associated with Critical Contingency Management and its obligations under the CCM Regulations.
Every person who purchases gas directly from a gas producer during a month is liable to pay the critical contingency market fees for that month.
Gas Industry Co estimates the costs prior to each financial year, collects market fees in monthly installments throughout the year, and then performs an end-of-year wash-up once the actual costs are known.
Ongoing costs for previous years costs are found on the left-hand navigation of this page.
Ongoing Costs for FY2018 (1 July 2017 to 30 June 2018)
|
Cost Category |
Estimate |
|
Service Provider – Base Fee |
$419,000 |
|
Service Provider – Event Fee |
$47,000 |
|
Expert Adviser |
$10,000 |
|
Industry Expert |
$20,000 |
|
Other External Advice |
$60,000 |
|
Total Ongoing Costs |
$556,000 |
Ongoing Costs for FY2019 (1 July 2018 to 30 June 2019)
|
Cost Category |
Estimate |
|
Service Provider – Base Fee |
$419,000 |
|
Service Provider – Event Fee |
$47,000 |
|
Expert Adviser |
$10,000 |
|
Industry Expert |
$20,000 |
|
Other External Advice |
$60,000 |
|
Total Ongoing Costs |
$556,000 |