Library / Gas Pricing and Domestic Demand Regulations 2023
Gas Pricing and Domestic Demand Regulations 2023
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B 6} . . : a4 (2) A licensee ofa gas based industry shall provide the Authority with information as the Authority may require from time to time in order to determine the feed gas prices. H(i) Prior to 15th March of every year, a gas aggregator shall Domestic obtain from the Commission the domestic gas delivery obligation volumes — gas ag ation. allocated to gas producers. (2) The Authority shal! notify a domestic gas aggregator of the domestic gas demand requirement for the strategic sectors pursuant to regulation 5(3) of these Regulations. (3) The volumes reported by the Authority pursuant to the Third sub-regulation (2) of this regulation shall Schedule to the Act and unde correspond, subject to any adjustments arising from failure to -— (ct) supply under section 110(10) of the Act : and (b) engage in wholesale purchase of marketable gas reported pursuant to subregulation (2) of this regulation. (4) Where the volumes reported by the Commission and Authority do hot correspond, the domestic gas aggregator shall report back to the Commis: ary, the - Commission or the Authority or both. shall adjust the volumes in order to finalise the domestic gas delivery obligation to be managed by the domestic gas aggregator. ion and the Authority. the possible discrepancies, and where neces: (5) Where the volume of the allocated domestic gas delivery obligation is less than the domestic gas demand requirement due to insufficient voluntary supplies. the domestic gas aggregator shall develop and apply the curtailment scheme as approved by the Authority pursuant to section 154 (c) of the Act, to the requirements of wholesale customers in order for the volumes to correspond and advise the respective wholesale customers to enter into agreements with producers on a free market basis. (6) The Authority shall upon approval of an application and paymentof prescribed fees. grant and issue a qualified person a domestic gas aggregation licence. which shall be valid fora period of two years, effective from the date of the grant of the licence. (7) A wholesale customer who w ishes to be a client of a domestic gas aggregator and who has reported the required volumes under the domestic gas demand requirement to the Authority shall propose such volumes with the domestic gas aggregator and apply for the corresponding gas purchase order, (8) Upon receipt of an application, a domestic gas ag ttor shall conduct due diligence on a wholesale customer, to determine its ability to engage in the wholesale purchase of marketable natural eas,
RegulationsPDF20232023-028