Gas Industry Co is pleased to release its Analysis of Submissions on its March 2019 consultation paper: Options for Information Disclosure in the Wholesale Gas Sector (Options Paper).
Twenty submissions were received on the Options Paper from a wide range of parties spanning the New Zealand energy sector. Given the range of perspectives in the submissions, we decided to have a cross-submissions process for parties to provide further information on issues they consider are important. Thirteen cross-submissions were received.
The next step in this work programme will involve the development of a specific problem statement along with particular information disclosure elements. We plan to release a paper on this topic for consultation in October.
The Analysis of Submissions, and other associated documents can be found below.
Last August, we established the information disclosure workstream as an initial step in the process to address potential information issues relating to information availability in the wholesale gas sector. As part of that workstream we will consider whether current market arrangements related to information disclosure in the sector are sufficient or whether further arrangements are required.
We released the Options Paper for consultation in March 2019 and received twenty submissions. The Options Paper sets out a proposed problem statement and discusses the importance of information for the operation of a well-functioning market. The options are described at a concept level and are evaluated qualitatively. Submissions will be used to assist in determining whether there is potential information issue, and if there is an issue, the extent of the issue and the appropriate option for detailed design and evaluation.