First Gas Limited 42 Connett Road West, Bell Block Private Bag 2020, New Plymouth, 4342 New Zealand 22 May 2017 P +64 6 755 0861 F +64 6 759 6509 Increase in the adjustment used for calculating Marginal Buy Price Under section 12.12 of the MPOC, an “adjustment” is used for calculating the Marginal Buy Price and the Marginal Sell Price for each Day. Since 1 January 2016 the Marginal Buy Price and the Marginal Sell Price adjustment has been set at 3% of the Average Market Price on the Day. On and from 23 May 2017, the Marginal Buy Price adjustment will be increased to 10% of the Average Market Price on the Day. The Marginal Sell Price will remain at 3%. The adjustment for the Marginal Buy Price and the Marginal Sell Price will continue to be reviewed as and when needed. Chris Bolton Transmission Commercial Manager 3209049 Uncontrolled copy when printed © First Gas Limited Page 1 3209049 Uncontrolled copy when printed © First Gas Limited Page 2
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