Discussion Papers and Presentations
Previously Consulted On
Discussion Paper - Gas Wholesale Market Design
Following receipt of submissions on its September discussion paper on Wholesale Market Design, Gas Industry Co has issued a further discussion paper which reports on the analysis of the submissions, provides Gas Industry Co's view on the issues raised and requests further input on a specific range of matters. This work stream is now focused on advancing the preparation of a standard gas sales agreement for shorter-term trades and investigating the feasibility of a matching platform as a basis for low-cost, electronic trading. Each of these initiatives is aimed at increasing transactional efficiency in gas trading.
Submissions received
Discussion Paper - Wholesale Market Design
This discussion paper builds on the feedback received from stakeholders earlier in the year. Gas Industry Co has undertaken both quantitative and qualitative analyses of options for development of a wholesale market and this discussion paper recommends a modular approach to implementation. In the first instance, it is proposed to issue a standard gas trading agreement as a means to achieving common standards for gas trading and to reduce transaction costs for market participants. The paper also recommends that a simple matching platform could be put in place for modest cost and would be expected to achieve additional transactional efficiencies. Gas Industry Co will take into account feedback received on the paper when undertaking the detailed design of wholesale market arrangements.
Submissions received
Discussion Paper - Concept Design for Wholesale Gas Market
This discussion paper gives stakeholders the opportunity to review and comment on options for a wholesale gas market in New Zealand. A series of options are described at a conceptual level and evaluated according to criteria agreed between Gas Industry Co and the Wholesale Market Working Group. Submissions on this document will be used to assist in selecting an option for further development. The supplementary note addresses Section 41 of the Crown Minerals Act 1991, which may or may not have an effect on the design of the wholesale market.
Submissions received
Presentation - Wholesale Gas Market Design Industry Workshop
This presentation gives an introduction to the policy framework and conceptual issues for a wholesale gas market. It looks at the size, structure and characteristics of the New Zealand gas market in relation to other international markets and presents some high-level options available for the operation and governance of a trading market.