Scroll to top

Market Fees

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

Service Provider – Base Fee

$515,000

External Advice/System Development

$50,000

Total Ongoing Costs

$565,000

 

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

   
Page last saved: 28 April, 2020


Original Link: https://www.gasindustry.co.nz/work-programmes/downstream-reconciliation/operations/current-market-fees/

Page last saved: 28 April, 2020