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The Downstream Reconciliation market fees are monthly fees that cover the ongoing costs associated with allocation/downstream reconciliation arrangements. The ongoing allocation costs are:
- The costs payable to the Allocation Agent.
- The costs of Gas Industry Co associated with allocation and its obligations under the Reconciliation Rules.
Each month, Gas Industry Co invoices gas retailers for a proportion of the market fees based on their market share of 'allocated' gas (the gas that flows through reticulated gas networks and is used by their customers connected to each network).
Gas Industry Co estimates the ongoing allocation 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 |
$515,000 |
|
External Advice/System Development |
$50,000 |
|
Total Ongoing Costs |
$565,000 |
Ongoing Costs for FY2020 (1 July 2019 to 30 June 2020)
|
Cost Category |
Estimate |
Actual |
|
Service Provider – Base Fee |
$515,000 |
$515,000 |
|
External Advice/System Development |
$50,000 |
$24,872 |
|
Total Ongoing Costs |
$565,000 |
$539,872 |
|
Over-Recovery $25,128 |
Ongoing Costs for FY2019 (1 July 2018 to 30 June 2019)
|
Cost Category |
Estimate |
Actual |
|
Service Provider – Base Fee |
$515,000 |
$515,000 |
|
External Advice/System Development |
$50,000 |
$1,744 |
|
Total Ongoing Costs |
$565,000 |
$516,744 |
|
Over-Recovery $48,256 |