The third assessment of retail gas supply arrangements with small consumers under the Retail Contracts Assessment Scheme was conducted on contracts as at July 2012. The results for the first time included the assessment outcome for individual retailers, as well as at a consolidated level.
The Independent Assessor reported retailers’ overall alignment with the Benchmarks in 2012 as ‘Substantial’, which was significantly improved from the consolidated ratings of ‘Moderate’ in each of the initial baseline assessment in 2010, and the subsequent transitional assessment in 2011.
The following sets out the process and timing of the assessment.
Gas Industry Co has made amendments to Benchmarks 9 and 16. The link to the amendments can be found here.
Gas Industry Co is proposing an amendment to the interpretation of Benchmark 16.
The link to the proposal can be found here
Gas Industry Co also welcomes any comment on the revised interpretation of Benchmark 16. Please provide any comment to Jacki Eves at jacki.eves[at]gasindustry.co[dot]nz by Monday 30th January 2012. Following consideration of any comments, Gas Industry Co will publish the amended interpretation in February 2012.
On 12 May 2010, the Associate Minister of Energy and Resources endorsed Gas Industry Co’s recommendation that a retail contracts oversight scheme be established. As part of that scheme, a “baseline” assessment of gas supply arrangements as at 15 June 2010 was completed and published in August 2010.
A “transitional” assessment of arrangements at 1 July 2011 has been undertaken by an Independent Assessor, Elwood Law, to establish the degree of progress made by each retailer in aligning with the benchmarks since the baseline assessment. A consolidated report for the whole industry has been submitted to the Acting Minister and can be found here.
The link to the Retail Gas Contracts benchmarks Restatement 2011 can be found here.