The ICD process is a facilitated consultative forum at which pipeline owners, industry participants, and Gas Industry Co work together to design and implement a unified balancing regime for the gas transmission system that will avoid or minimise the need for regulatory intervention to achieve the relevant objectives of the Gas Act and GPS.
In order to participate in the process each party must complete the ICD Process Commitment Form, by which they agree to the terms of reference; contribute toward the funding; and attend weekly meetings. The links to the Commitment Form and Terms of Reference are provided below.
The output of the ICD process was a Memorandum of Understanding (MoU) intended to provide a high level of confidence that an industry solution is achievable and could come into affect by 1 October 2010.
The MoU describes the principles and a package of changes to achieve an integrated gas balancing regime through changes to the existing contractual framework. Although the MoU is non-binding, the 11 companies who participated in the ICD process agreed that it should be signed as an indication of support.
Gas Industry Co acknowledges the content of the MoU and has considered its content and the level of support it has obtained.
The 'Consideration of Recent Industry Balancing Initiatives' paper investigates whether any industry initiatives on balancing matters since the development of Gas Industry Co's October 2009 Statement of Proposal would cause it to reassess the conclusion of that paper.