On 26 May 2011, the Hon. Peter Collier MLC, Minister for Energy, announced that a GBB and GSOO would be established for the Western Australian gas market and would be administered by the IMO. The GBB and GSOO were key recommendations of the Gas Supply and Emergency Management Committee, which was established following two major gas supply disruptions in WA in 2008.
The GBB will consist of a website to publish information about short and near term natural gas supply, transmission, storage and demand in WA. The GBB will also provide an emergency management page to assist in the management of supply disruptions. It may also include information about other fuels, and later could be developed into a platform to facilitate the introduction of buyers and sellers of gas.
The GSOO will be an annual planning document providing a comprehensive medium to long term outlook of gas supply and demand in WA, highlighting potential shortfalls or constraints.
The GBB and GSOO will be established under a suite of regulatory instruments including an Act, Regulations and Rules and are intended to improve the transparency of information, security and facilitate competition in the WA gas market.
More information on the Legislation and Regulations for the GBB and GSOO can be found here.
More information on the development of the Rules for the GBB and GSOO can be found here.