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 current year's Performance Measures Quarterly Reports can be found below while the previous years' Reports can be found in Background.
Highlights from the December 2018 Report:
- With the entrance of Hanergy in February of this year, there are now 12 distinct retail brands, owned by 11 different retail companies (Energy Online is owned by Genesis Energy).
- In the past 12 months, there have been about 3,800 not withdrawn switches completed per month, which translates to an annual churn rate of about 15.9%.
- Over 70% of consumer switches are completed within three business days; 97% are completed within seven business days.
- 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 less than 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.
- Nova is the largest retailer by volume market share.