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Market Fees

The switching and registry market fees are monthly fees charged to gas retailers that cover the ongoing costs associated with the gas registry and switching arrangements. The ongoing costs are:

  • The costs payable to the Registry Operator
  • The costs of Gas Industry Co associated with the gas registry and its role under the Switching Rules

Market fees are paid by retailers each month based on their ICP market share (number of customers) on the first day of each month.

Gas Industry Co estimates the ongoing 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

$260,000

Service Provider - DR and Escrow

    $5,000

External Advice/System Development

$150,000

Total Ongoing Costs

$415,000

 

Ongoing Costs for FY2020 (1 July 2019 to 30 June 2020)

Cost Category

Estimate

Service Provider – Base Fee

$250,000

Service Provider - DR and Escrow

$5,000

External Advice/System Development

$30,000

Total Ongoing Costs

$285,000

 

Ongoing Costs for FY2019 (1 July 2018 to 30 June 2019)

Cost Category

Estimate

Actual

Service Provider – Base Fee

$247,000

$247,582

Service Provider – DR and Escrow

$5,000

$2,129

External Advice/System Development

$30,000

$4,916

Total Ongoing Costs

$282,000

$254,627

Over-Recovery $27,373

 

 

Page last saved: 28 April, 2020
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P 04 472 1800
A Gas Industry Co
Level 8, The Todd Building
95 Customhouse Quay
PO Box 10-646
Wellington 6143

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