The ability to obtain gas capacity rights is an essential element for operations in gas markets. Having well functioning primary capacity allocation mechanisms in place shippers are becoming more and more interested in having a functioning secondary market to ensure the efficient allocation of capacity. The secondary market plays a vital role in helping market participants manage and shape capacity needs to meet their business requirements. The efficient use of capacity ensures that costs are minimized and that the level of capacity overbook or overrun is minimized. GET Baltic, developing tailor made solutions for natural gas trading, as of 1 December 2020 has launched dedicated platform for trading gas capacity on the secondary market in Finland – Secondary Capacity Trading Platform (SCTP).
Trading capacity via SCTP enables direct trading with other shippers without lengthy bilateral negotiations 24/7, creates opportunities to trade firm gas capacity on entry and exit points of Finnish transmission system, ensures FCFS trading as well as assures anonymous trading procedure (counterparties shall be revealed to each other in order to organize settlement between each other only after trade confirmation).
By organizing physically settled secondary gas capacity trading GET Baltic takes into account the requirements set out by the Finnish transmission system operator as well as rules and laws applicable in Finland and European Union.
Shippers interested in offering or requesting capacity on the organized secondary market shall be entitled to become the users of the Secondary Capacity Trading Platform (SCTP).