GET Baltic introduces previous day product to the Estonian market area
Baltic gas exchange creates new opportunities for the Estonian gas market participants. GET Baltic following the interests expressed by the Estonian natural gas market participants and aiming to contribute to the liquidity, competitiveness and transparency of the Estonian natural gas market from 3 October 2017 starts trading previous day product on the Estonian market area.
The exclusivity of this previous day product is that the trade is carried out at the end of its delivery day. The product is intended to facilitate the management of imbalance positions of market participants.
The previous day product has been traded on the Lithuanian market area since 2014. Trading volumes in this product consists of 52% of the total Exchange trading volumes, therefore it is expected that it will soon become a popular instrument not only in Lithuanian but also in Estonian market area.
Detailed product description:
|Description||The product is traded at the end of its delivery day. The product is intended to facilitate the management of imbalance positions of market participants.|
|Market area||Lithuania and Estonia|
|Minimum volume tick||1 MWh|
|Minimum price tick||0,01 €/MWh|
|Trading with capacity||No|
|Delivery||Product with physical delivery to Lithuanian and Estonian VTPs.
Delivery of the product takes place from day D-1 07:00 until day D 07:00 (using EET in winter time and EEST in summer time).
M. +370 655 20835