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Governance of the gas market

We monitor and oversee the co-regulation governance of the gas market, from a government perspective.

The co-regulatory model was introduced in December 2004 based on the formation of the industry body, the Gas Industry Company (GIC).

The GIC makes recommendations to the Minister of Energy and Resources to meet the Government's objectives for the gas sector, as set out in the Gas Act 1992 and the Government Policy Statement on Gas Governance 2008.

Recommendations made by the GIC cover:

  • The operation and governance of gas markets
  • Access to infrastructure
  • Consumer outcomes.

Government Policy Statement of Gas Governance 2008

 

Rules and regulations to govern the gas market

Gas (Levy of Industry Participants) Regulations 2014

These regulations allow the GIC to collect levies from the gas industry to fund its work.

Further information about the regulations

Read the regulatory impact statement about these regulations [90 KB PDF]

Read the full regulations

 

Gas (Downstream Reconciliation) Rules 2008

These rules establish a set of uniform processes to enable the fair, efficient, and reliable allocation and reconciliation of downstream gas quantities.

The rules took effect from 2 October 2009, and allow for an allocation agent to:

  • Gather information about gas injection and consumption
  • Allocate daily gas quantities to retailers at gas gates
  • Reconcile downstream gas quantities.

Further information on the rules
 

Gas (Switching Arrangements) Rules 2008

These rules enable consumers to efficiently switch between competing retailers.  The rules were recommended by the GIC and took effect on 10 February 2011.

A central gas register means that consumer information can be exchanged between retailers.

Further information on the rules
 

Gas Governance (Compliance) Regulations 2008

These regulations allow the following rules and regulations to be monitored and enforced.

  • Gas (Switching Arrangements) Rules 2008
  • Gas (Processing Facilities Information Disclosure) Rules 2008
  • Gas (Downstream Reconciliation) Rules 2008
  • Gas Governance (Critical Contingency Management) Regulations 2008.

Read the full regulations. Amendments to these regulations come into force on 1 March 2014.

Further information on the regulations
 

Gas Governance (Critical Contingency Management) Regulations 2008

These allow for plans to be made in case of gas outages.  A critical contingency operator, expert adviser, and industry expert can be appointed to prepare for such an event.

The regulations also set out the obligations of certain parties before, during and after a critical event.

Read the full regulations. Amendments to these regulations come into force on 1 March 2014.

Further information on the regulations
 

Gas (Processing Facilities Information Disclosure) Rules 2008

These rules are now inactive (having expired on 27 June 2014). They required information to be publicly available about gas processing facilities' capability and capacity.

Background information on the expired rules

 

Gas (Information Disclosure) Regulations 1997 - revoked from 24 July 2014

These regulations will be revoked from 24 July 2014. They required owners of gas pipelines to disclose certain prescribed financial and other information annually and placed some disclosure requirements on gas retailers.

Most of the requirements in the regulations were superseded by the Commerce Commission’s gas information disclosure requirements, and the remaining provisions no longer met the intended objective.

Commerce Commission’s requirements

Read the full revocation order

Last updated 30 June 2014