Possibility to transfer contracts to Virtual Interconnection Points now available
GTS implemented virtual interconnection points (VIPs) between the TTF market area and the neighbouring market areas in Germany and Belgium. GTS chose to implement a hybrid model. In this hybrid model the shippers decide what to do with their current IP-contract(s). For each IP-contract they have the option to move it either as a whole to a VIP or keep it at the current IP; this option remains open while the contract is still on the IP. To facilitate the transfer of (parts) of contracts you have a choice from three forms:
- Transfer all contracts to the relevant VIP (complete contracts)
- Transfer complete individual contracts to the relevant VIP
- Transfer parts of individual contracts to the relevant VIP