Gas Industry Co monitors performance measures and reports on them on a regular basis. The purpose of these measures is to track the performance of the Gas (Switching Arrangements) Rules 2008 (the Switching Rules), the Gas (Downstream Reconciliation) Rules 2009 (the Reconciliation Rules), and the Gas Governance (Critical Contingency Management) Regulations 2008 (CCM Regulations), both in terms of activity related to these statutes and the competitive outcomes that they foster. The Report also tracks transmission balancing actions, as a means of informing Gas Industry Co's work on this issue.
The latest Performance Measures Quarterly Report can be found below while all previous Reports can be found in Background.
Highlights of the December 2016 Report:
- Switching rates have been over 18% for more than two years. About 4,200 gas consumers switch gas supplier each month.
- About 84% of customer switches are completed within three business days.
- 61% of residential consumer sites have switched retailer at least once in the past seven years; 65% of small commercial and 79% of large commercial sites have switched at least once.
- Over 99% of gas customers are connected to a gate where seven or more retailers trade, suggesting that the gas retail sector is generally competitive throughout the North Island.
- Average annual unaccounted-for gas (UFG) over the past year stands at about 1.0% (compared with about 2% in 2009).
- Genesis is the largest retailer by customer share. Nova has the largest share of commercial and industrial customers.
- Vector Gas and Nova Energy are the largest retailers by volume market share.