Stage 1: Shipper considers whether to seek access and assesses the reasonableness of the standing offer This stage is intended to provide a shipper that is considering whether to access a pipeline with adequate information to consider whether it should seek access to services on a non-scheme pipeline and assess the reasonableness of the pipeline operator’s standing offer, as well as terms and conditions associated with the services available. As articulated in the Examination, the information asymmetries faced by shippers can be reduced by increasing the level of disclosure and transparency of the information shippers require when: considering whether to seek access to a pipeline; and assessing the reasonableness of a pipeline offer. operator’s As evidenced by stakeholder submissions, shippers and pipeline operators alike support disclosure of information to assist shippers when considering whether to seek access to a pipeline. There is broad consensus that this information should be publicly available and readily accessible by shippers at all times, rather than being provided only in response to a specific access request. Greater transparency in this area will enable shippers to make more informed decisions about whether to seek access to a particular pipeline and facilitate more timely and effective negotiations. The information that the GMRG recommends be disclosed by non-scheme pipeline operators in this stage, include: the base level of information that shippers require when considering whether to seek access to a pipeline, which amongst other things includes: information on the services offered by the pipeline and the availability of those services; the standing offers for these services, which will include information on the price and non-price terms and conditions for the services offered by the pipeline, the methodology and inputs used to calculate the prices and any other policies the pipeline operator employs that may affect a access or use; shipper’s the pipeline access policy; operator’s demand information; and information on the technical characteristics of the pipeline that may affect a access or use of the pipeline. shipper’s the independently verified financial reports, demand information and the pipeline’s weighted average price per service offered, which shippers can use to assess the reasonableness of the pipeline standing offers. operator’s This information would be published on each non-scheme pipeline website. operator’s Non-scheme pipeline operators would be required to publish independently verified financial information for each pipeline in accordance with relevant Australian Accounting Standards and a guideline prepared under the NGR. Under the guideline for the financial reports, pipeline operators would be required to provide the information needed for parties
Stage 1: Shipper considers whether to seek access and assesses the reasonableness of the standing offer This stage is intended to provide a shipper that is considering whether to access a pipeline with adequate information to consider whether it should seek access to services on a non-scheme pipeline and assess the reasonableness of the pipeline operator’s standing offer, as well as terms and conditions associated with the services available. As articulated in the Examination, the information asymmetries faced by shippers can be reduced by increasing the level of disclosure and transparency of the information shippers require when: considering whether to seek access to a pipeline; and assessing the reasonableness of a pipeline operator’s offer. As evidenced by stakeholder submissions, shippers and pipeline operators alike support disclosure of information to assist shippers when considering whether to seek access to a pipeline. There is broad consensus that this information should be publicly available and readily accessible by shippers at all times, rather than being provided only in response to a specific access request. Greater transparency in this area will enable shippers to make more informed decisions about whether to seek access to a particular pipeline and facilitate more timely and effective negotiations. The information that the GMRG recommends be disclosed by non-scheme pipeline operators in this stage, include: the base level of information that shippers require when considering whether to seek access to a pipeline, which amongst other things includes: information on the services offered by the pipeline and the availability of those services; the standing offers for these services, which will include information on the price and non-price terms and conditions for the services offered by the pipeline, the methodology and inputs used to calculate the prices and any other policies the pipeline operator employs that may affect a shipper’s access or use; the pipeline operator’s access policy; demand information; and information on the technical characteristics of the pipeline that may affect a shipper’s access or use of the pipeline. the pipeline’s independently verified financial reports, demand information and the weighted average price per service offered, which shippers can use to assess the reasonableness of the pipeline operator’s standing offers. This information would be published on each non-scheme pipeline operator’s website. Non-scheme pipeline operators would be required to publish independently verified financial information for each pipeline in accordance with relevant Australian Accounting Standards and a guideline prepared under the NGR. Under the guideline for the financial reports, pipeline operators would be required to provide the information needed for parties
gas-pipeline-information-disclosure-and-arbitration-framework-final-design-recommendation-june-2017.docx