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Germany's Trading Hub Europe plans bookings transfer

  • Märkte: Natural gas
  • 14.04.21

Firms have until 1 October to convert capacity bookings and balancing codes at Germany's separate NCG and Gaspool market areas to the Germany VTP, Trading Hub Europe.

The new market area manager, Trading Hub Europe, will finalise and publish the joint market's final balancing groups on 1 July, following the launch of its web portal planned for 1 June. The new market is scheduled to be introduced on 1 October.

All existing balancing groups and contracts will remain valid until they are transferred to the Germany VTP on 1 October, but market participants can terminate and re-conclude their existing balancing agreements ahead of the market's introduction.

NCG and Gaspool balancing codes will be discontinued following the merger, with only the new balancing codes active from 1 October.

All capacity bookings will have to be made at the Germany VTP from 1 October, with bookings possible at annual firm capacity auctions on 5 July. Shippers will be able to assign existing capacity products valid for NCG or Gaspool to the new market's balancing groups from 5 July.

Trading Hub Europe will notify each shipper of capacity products that they have not yet transferred to the Germany VTP on 1 September.

The NCG and Gaspool web portals will continue to publish required data until the start of October and will remain accessible until the end of the year, with all data to be archived at the Trading Hub Europe portal.

NCG and Gaspool are holding an annual consultation on the new market area manager's services and systems, held during planned workshops. Market participants can also send suggestions by email to NCG or Gaspool by the end of the 7 May working day. Suggestions will be taken into account for adjustments to be made after 1 October. The market area managers are seeking comments on expected services, expectations of changes to liquidity and suggestions on measures that could be taken to increase spot and future liquidity.

The Trading Hub Europe website will offer a number of balancing products for delivery on a day-ahead and rest-of-day basis from 1 October, including those for the separate high and low-calorie market areas, balancing with the Dutch TTF and products for each of the new market's local balancing zones.


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