Eight submissions were received; half were generally supportive of the proposal and half were opposed to the preferred option of regulation.
After consideration of submissions, Gas Industry Co believes that it should now develop a more formalised and transparent protocol for requesting information from industry participants. This will be developed and communicated to the industry. Gas Industry Co has already begun formalising its protocol – a pilot request form was recently used when asking for information from participants with respect to data held by the Allocation Agent.
Work will continue on drafting a regulatory framework that would incorporate the above protocol. It is possible, however, that the successful operation of the formalised request process could limit or remove the need for regulation.
The work on regulation drafting will be discussed with industry participants, with a workshop to be scheduled at a time yet to be confirmed.
The full document can be found here.
To assist industry participants with submissions and to provide a prior indication of matters that will require consideration by Gas Industry Co, an industry workshop was held at Gas Industry Co’s office in Wellington on Thursday 2nd February 2012.
To view the wokshop presentation click here.
Gas Industry Co invited submissions on this Statement of Proposal and any answers to the specific questions contained in Appendix A. The closing date for submissions on the Statement of Proposal was Friday 17 Feb 2012 at 5.00pm.
The Information Gathering Statement of Proposal contains a list of six issues that Gas Industry Co suggests are included in any information gathering regulations that might be recommended. Gas Industry Co limited the list of issues to those that it considers are the most current and significant to be addressed in the short to medium term. The list focuses on priority elements of the Company’s strategic work programme.
Gas Industry Co intends to minimise the expected compliance burden on industry by limiting the scope of the proposed regulations. However, at the Information Gathering workshop held on 2 February 2011, some industry participants indicated that it would be more efficient to establish a wider list of issues so as to avoid Gas Industry Co re-consulting on this matter every time it needed to address a new issue. There was interest in seeing a longer list of issues that could be included in any information gathering regulations (should a regulatory solution be selected by Gas Industry Co). A possible extended list of issues can be found below.