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Market Fees

The critical contingency market fees are monthly fees that cover the costs of the Critical Contingency Management (CCM) arrangements. 

These costs are:

  • The costs payable to the Critical Contingency Operator (CCO).
  • The costs payable to any person appointed by Gas Industry Co to carry out any obligations under the CCM Regulations.
  • The costs of Gas Industry Co associated with Critical Contingency Management and its obligations under the CCM Regulations.

Every person who purchases gas directly from a gas producer during a month is liable to pay the critical contingency market fees for that month.

Gas Industry Co estimates the costs prior to each financial year, collects market fees in monthly installments throughout the year, and then performs an end-of-year wash-up once the actual costs are known.

Ongoing costs for FY2017 (1 July 2016 to 30 June 2017), FY2016 (1 July 2015 to 30 June 2016), and previous years costs are found on the left-hand navigation of this page. 

 

Ongoing costs for FY2018 (1 July 2017 to 30 June 2018)

Cost Category

Estimate

Service provider – base fee

$419,000

Service provider – event fee

$47,000

Expert adviser

$10,000

Industry expert

$20,000

Other external advice

$60,000

Total

$556,000

Page last saved: April 28, 2017
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P 04 472 1800
A Gas Industry Co
Level 8, The Todd Building
95 Customhouse Quay
PO Box 10-646
Wellington 6143

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