This Gas Market Settings Investigation Consultation Paper is about the role of gas in supporting the energy transition and the fitness of current market, commercial and regulatory settings.
Gas Industry Company is investigating the issues at the request of The Minister of Energy & Resources, who has asked for advice on gas supply in the context of New Zealand’s path to a net zero emissions economy by 2050, and the Government’s commitment to transition to 100% renewable electricity by 2030.
We commissioned Concept Consulting to produce the study “Gas demand and supply projections – 2021 to 2035” to to support our investigation.
A report will be developed for the Minister after consultation and is expected to be completed in August 2021.
The Consultation Paper has been developed following conversations with a wide range of stakeholders from across the gas and electricity sectors over the last three months. It reflects what we have heard and seeks feedback on whether we have understood the settings and issues correctly and if we have missed anything.
In our conversations, a number of potential next steps and solutions have emerged, which are also included for comment and feedback. Gas Industry Company has not yet assessed these and intends to consider and respond to them after the consultation.
Submissions closed at 4pm on Thursday 24 June 2021. You can read the submissions below.