GTS to buy and sell balancing gas on APX Gas NL

21 nov 2012

Vandaag hebben Gasunie transport services B.V. (GTS) en APX-ENDEX het volgende gezamenlijke persbericht uitgegeven. (Engelstalig)

 

 

 

PRESS RELEASE

Amsterdam/Groningen, 21 November 2012

GTS to buy and sell balancing gas on APX Gas NL

  • GTS to align the balancing regime with European Network Code on Gas Balancing
  • Shift contributes to a well-functioning and liquid balancing market

Today Gasunie Transport Services (GTS) and APX-ENDEX have signed a Letter of Intent to prepare a binding agreement under which GTS will sell and or buy its balancing natural gas on the APX Gas NL Within Day Market and/or Day Ahead Market, instead of the GTS operated balancing platform, the Bid Price Ladder.

This intention is a direct result of the European Network Code for Gas Balancing, which is expected to enter into force in 2013.  By trading on the APX Gas NL Within Day Market and/or Day Ahead Market on an equal footing with grid users, GTS aligns the Dutch balancing regime with the new European balancing rules. The implementation of the shift from the Bid Price Ladder to APX Gas NL is planned to be completed by 1 April 2014.

Annie Krist, managing director of GTS: ”With this next step after the introduction of the new balancing regime in 2011, GTS contributes directly to the further development of the liquidity of the Dutch gas market“.

Bert den Ouden, CEO of APX-ENDEX: “The decision of GTS to balance the transmission system by trading on the TTF market will further increase the liquidity of the TTF spot market. We are delighted to be given the opportunity to assist GTS with the implementation of this positive change”.

APX-ENDEX

APX-ENDEX is Europe’s premier provider of power and gas exchange services for the wholesale market, operating transparent platforms for short term and futures trading in the Netherlands, the United Kingdom and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing & settlement and data distribution services. APX-ENDEX has over 400 memberships from more than 15 countries. APX-ENDEX offers benchmark data and provides industry indices. Belpex is a 100% subsidiary of APX-ENDEX. APX-ENDEX’s offices are located in Amsterdam, Brussels, London and Nottingham.

For more information please visit www.apxendex.com and www.belpex.be

Gasunie Transport Services

Gasunie Transport Services B.V. is a wholly-owned subsidiary of Gasunie and the designated national transmission system operator. One of GTS's key missions is the non-discriminatory provision of gas transmission services. Such services should enhance security of supply and the proper functioning of the gas market. (www.gasunietransportservices.com).

Press Contacts

Eric-Jan Hadderingh
Head of Communications, APX-ENDEX
E e.hadderingh@apxendex.com | T +31 20 305 4062 | M +31 6 5249 2676

Sanna-Maaria Mattila
Senior Corporate Communications and Press Officer, APX-ENDEX
E s.mattila@apxendex.com | T +31 20 305 4060 | M +31 6 1003 3647

Michiel Bal
Corporate Communications and Press Officer, Gasunie Transport Services (GTS)
E press@gasunie.nl