Contact about balancing questions
Send your questions related to:
Programmes, nominations to: email@example.com
For all other questions and remarks related to the new market model and balancing regime, please contact the Customer Desk.
Yes, traders also need to be informed about the balancing regime and needs to be able to receive and send all the related messages.
Although, fundamentally, a trader will not experience imbalances quickly, it may be the case that an imbalance occurs between entry and exit in the portfolio, e.g. due to incorrect portfolio management or an error in the nominations/confirmations with counterparties.
If you want to become an offeror on the gas exchange you must satisfy a number of requirements. Click here for the website of ICE Endex. If you can trade on the exchange of ICE Endex that is sufficient to offer flexibility to the gas exchange in the run-up to a balancing action. GTS does not propose any additional requirements.
In principle, your POS is never reset. Settlements having an effect on the POS are WDBA’s. It is only when a WDBA is performed that volumes are set off pro rata against the positions (POSs) of the causers. Shippers with a position opposite to the SBS at the time of the balancing action are not affected.
It is impossible to estimate in advance. We look 10 minutes and 15 minutes past the hour to the end of hour prediction of the SBS. If the prediction of the SBS at 10 minutes past the hour gives a reason to a WDBA, then an announcement is made in Gasport and a Request For Quote (RFQ) is placed on the trading screen of the ICE Endex. The announcement and the RFQ is an estimate of the volume and product placed on the within-day market of ICE Endex and is based on the latest information.
If the prediction of the SBS at 15 minutes past the hour still gives a reason to a WDBA, then an update of the announcement is made and again a Request For Quote (RFQ) is placed on the trading screen of ICE Endex.
If the prediction of the SBS for the next hour at 21 minutes past the hour gives a reason for a WBDA than an order is placed on the within-day market of ICE Endex.
The type of product for which the order is placed, is dependent on the color of the zone wherein the SBS is predicted. In the light green zone GTS send an order for a WD product to the exchange with a lead time of 3 hours and 40 minutes with supplies for the remaining hours of the gas day. As an indication, an order that leads to a transaction at 12:21 will be delivered from 16:00 to 06:00. In the orange and red zone GTS send an order for a Next-Hour product with a lead time of 40 minutes. The whole delivery takes place in one clock hour. An order for a Next Hour product that leads to a transaction at 12:21 has a delivery from 13:00 to 14:00.
We disclose the size of the zones per hour, based on the estimated transport load (with regard to the programmes delivered by the Shippers), at least two hours before the beginning of the gas day. These hourly values will not be changed after they have been published.