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Market Fees

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 FY2021 (1 July 2020 to 30 June 2021)

Cost Category

Estimate

Service Provider – Base Fee

$419,000

Service Provider – Event Fee

$47,000

Industry Expert

$20,000

Expert Adviser

$20,000

Other External Advice

$20,000

Total Ongoing Costs

$526,000

 

Ongoing Costs for FY2020 (1 July 2019 to 30 June 2020)

Cost Category

Estimate

Service Provider – Base Fee

$419,000

Service Provider – Event Fee

$47,000

Industry Expert

$20,000

Expert Adviser

$20,000

Other External Advice

$20,000

Total Ongoing Costs

$526,000

 

Ongoing Costs for FY2019 (1 July 2018 to 30 June 2019)

Cost Category

Estimate

Actual

Service Provider – Base Fee

$419,000

$418,800

Service Provider – Event Fee

$47,000

-

Expert Adviser

$10,000

-

Industry Expert

$20,000

-

Other External Advice

$60,000

-

Total Ongoing Costs

$556,000

$418,800

Over-Recovery $137,200

Page last saved: 28 April, 2020


Original Link: https://www.gasindustry.co.nz/work-programmes/critical-contingency-management/current-arrangements/market-fees/

Page last saved: 28 April, 2020