Public Consultation on Amendment of GET Baltic Regulation of Trading on the Natural Gas Exchange
GET Baltic invites all natural gas market participants to provide comments and opinions on amended Regulation until 24th May, 2018. Considering that the implicit capacity allocation model (ICA model) has substantially contributed to the growing liquidity and the integration of short-term gas markets in the Baltic States as well as price convergence for day-ahead product, GET Baltic together with transmission system operators of the Baltic States (Lithuania, Latvia and Estonia) have decided to implement ICA model for within-day product as well.
In order to expand the implicit capacity allocation model for within-day product GET Baltic prepared and submitted the draft amendment of GET Baltic Regulation of Trading on the Natural Gas Exchange (Regulation) to the National Commission for Energy Control and Prices (NCC). On 9th May, 2018. NCC announced a public consultation on the amendment of the Regulation and invites to provide comments and opinions until 24th May, 2018 (link to public consultation http://www.regula.lt)
The following key amendments to the Regulation have been made regarding the implementation of ICA model for within-day product:
- Supplemented definitions and concepts;
- supplemented provisions related to the implicit capacity allocation model for day-ahead product by adding within-day product;
- amendment of concluded transaction cancellation process;
- other practical changes.
Comments and opinions on amended Regulation can be submitted until 24th May, 2018 to NCC by email firstname.lastname@example.org. Should you have any questions please contact GET Baltic by email email@example.com phone +370 5 236 0000.