Overview
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Purpose of the Information Projects: to minimise information asymmetries to allow stakeholders to make informed decisions that will result in the efficent allocation of resources.
In the paper Gas Transmission Investment Programme-Structure and Scope, Gas Industry Co identified four Information Projects:
- Vector's capacity determination;
- Supply and demand outlook;
- Transmission market disclosures; and
- Backstop information gathering and analysis.
Backstop Information Gathering and Analysis Workstream
The Backstop information gathering and analysis workstream is curently underway. The work is being pursued in parallel to the GTIP and will apply to all areas of Gas Industry Co's work. With respect to the GTIP, this information gathering process (or any regulation implemented for this purpose) has the potential to assist in the development of market arrangements - that could lead to improved avaiability of information in the market.
More information on this work can be found here: Policy Development and Information Gathering [2]
Vector Pipeline Capacity Consultation
Vector Ltd has commenced a comprehensive consultation with industry participants as part of its process to determine available pipeline capacity, particularly as it relates to the North Pipeline.
Details of this process are available on Vector's website [3]