Gas Industry Co has three sources of funding. The primary source of funding for the Company is the levy. The other two sources are through an Annual Fee on Shareholders and Market Fees. The Levy component is authorised each year by way of Regulations which we recommend to the Minister annually.
The Gas (Levy of Industry Participants) Regulations 2016, which came into force on 1 July 2016 is available here.
Current Arrangements: This section contains documents relating to the current FY2017 Regulations.
Developing: This section contains the Consultation Paper: Consultation on Gas Industry Co FY2018 Statement of Intent and Levy. The consultation process began with the Co-regulatory Forum in November 2016. Five formal submissions were received, and Gas Industry Co has prepared an Analysis of Submissions.
Recent Consultation: Gas Industry Co consulted on the Wholesale Levy Assurance Options Paper - submissions closed on 18 October 2016. The Paper identifies options that could be used to mitigate the risks associated with inaccurate levy returns and payments.
Background: This section provides information on the levy setting process and principles as well as all Previous Levies, including past regulations and associated documents relating to past years' levies.