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.
In April 2018, the Government appointed an advisory panel to investigate whether the current electricity market delivers “efficient, fair and equitable prices [to customers]”. That panel issued its final report comprising 32 recommendations in May 2019.
Given the similarities and links between the electricity, and natural gas & LPG (Gas) markets, and Gas Industry Co's policy objective “To ensure that gas is delivered to existing and new customers in a safe, efficient, fair, reliable and environmentally sustainable manner”, Gas Industry Co considers it prudent to proactively consider extending the Electricity Price Review recommendations to Gas markets.
The consultation paper sets out Gas Industry Co’s initial assessment on whether or not the 32 recommendations should be extended to Gas markets. Gas Industry Co is consulting with a wide stakeholder group (including relevant consumer stakeholders) to get feedback on Gas Industry Co’s initial assessment. Consultation closes at 5pm on 4 December 2020. The consultation paper can be found here.