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Market Fees

The switching and registry market fees are monthly fees charged to gas retailers that cover the ongoing costs associated with the gas registry and switching arrangements. The ongoing costs are:

  • The costs payable to the Registry Operator
  • The costs of Gas Industry Co associated with the gas registry and its role under the Switching Rules

Market fees are paid by retailers each month based on their ICP market share (number of customers) on the first day of each month.

Gas Industry Co estimates the ongoing 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.

 

ESTIMATED ONGOING COSTS FOR FY2018 (1 JULY 2017 TO 30 JUNE 2018) 

Cost Category

Estimated Annual Cost

Service provider – base fee

$264,000

Service provider – DR and escrow

$12,000

External advice/system development

$30,000

Total

$306,000


ESTIMATED ONGOING COSTS FOR FY2017 (1 JULY 2016 TO 30 JUNE 2017) 

Cost Categories

Estimated Annual Cost

Service provider - base fee

$271,000

Service provider - DR & escrow arrangements

$12,000

External advice/system development

$30,000

Total ongoing costs 

$313,000

 

Estimated ongoing costs for FY2016 (1 July 2015 to 30 June 2016)

Cost Categories

Estimated Annual Cost

Actual Annual Cost

Service provider - base fee

$269,000

$268,000

Service provider - DR & escrow arrangements

$12,000

$11,000

External advice/development

$143,000

$149,000

Total ongoing costs

$424,000

$428,000

Under-recovery

$4,000

Page last saved: April 28, 2017
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Get in touch

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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