✨ Government Notices
NEW ZEALAND GAZETTE, No. 57 — 31 MAY 2017
GOVERNMENT NOTICES
Authorities/Other Agencies of State
Notice of Determination of Default Price-Quality Regulation Applicable to Gas Pipeline Businesses
The Commerce Commission (“Commission”) gives the following notice under Part 4 of the Commerce Act 1986 (“Act”).
Notice of determination
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On 29 May 2017, the Commission made the Gas Distribution Services Default Price-Quality Path Determination 2017 [2017] NZCC 15 (“GDB DPP Determination”) and the Gas Transmission Services Default Price-Quality Path Determination 2017 [2017] NZCC 14 (“GTB DPP Determination), under section 52P of the Act.
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The determinations set out the default price-quality paths applicable to regulated suppliers of gas distribution and gas transmission services (“gas pipeline businesses”). The GDB DPP Determination applies to the gas distribution services provided by Gasnet Limited (“Gasnet”), Powerco Limited (“Powerco”), Vector Limited (“Vector”), and First Gas Limited (“First Gas”). The GTB DPP Determination applies to the gas transmission services provided by First Gas.
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The determinations are made in accordance with the Commission’s input methodologies applicable to gas pipeline businesses, as specified in the Gas Distribution Services Input Methodologies Determination 2012 [2012] NZCC 27 and the Gas Transmission Services Input Methodologies Determination 2012 [2012] NZCC 28.
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This notice summarises the determinations in accordance with section 52P(7)(b) of the Act.
Summary of the determinations
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The determinations apply for the regulatory period starting 1 October 2017 and expiring on 30 September 2022.
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The starting prices (expressed in the form of maximum allowable revenue for the gas distribution businesses and actual net allowable revenue for the gas transmission business) for purposes of the price paths of each of the regulated gas pipeline businesses, rounded to the nearest million, are set out below.
Gas distribution services:
Gasnet: $4m.
Powerco: $47m.
Vector: $44m.
First Gas: $22m.
Gas transmission services
First Gas: $122m.
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The annual rate of change relative to CPI is 0% for all gas pipeline businesses.
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During each assessment period within the regulatory period, gas pipeline businesses must comply with the following quality standards as applicable:
8.1. all gas pipeline businesses must respond to all emergencies within 180 minutes;
8.2. all gas distribution businesses must respond to at least 80% of emergencies within 60 minutes; and
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✨ LLM interpretation of page content
🏭 Notice of Determination of Default Price-Quality Regulation Applicable to Gas Pipeline Businesses
🏭 Trade, Customs & Industry29 May 2017
Commerce Commission, Gas Pipeline, Price-Quality Regulation, Gas Distribution, Gas Transmission
- Commerce Commission
NZ Gazette 2017, No 57