PEGAS, the pan-European gas trading platform operated by Powernext, is to introduce locational spot products on 17 November 2015, supporting the physical balancing of French Transmission System Operators (TSO) and German Market Area Manager (MAM).
As a result, GASPOOL and GRTgaz will be able to perform balancing actions directly on the existing PEGAS Trayport ETSSM trading screen which has been adapted accordingly. The new products are listed on the PEGAS spot market, allowing all current PEGAS members to easily join in. Transactions will be cleared through European Commodity Clearing (ECC).
PEGAS actively supported national regulatory authorities and grid operators in designing the best possible market model to implement the EU Network Codes on physical and locational gas balancing. PEGAS achieved a pan-European platform which can be used by GASPOOL and GRTgaz today, but also by other TSOs in the future.
Jörg Ehmke (pictured), Managing Director of GASPOOL, says: “By using PEGAS for trading of locational balancing products, the order and price transparency will further increase and thereby more market participants will be interested to join these balancing products”.
Thierry Trouvé, CEO of GRTgaz, says: “For GRTgaz, PEGAS is the logical partner of choice to develop these new balancing products. It’s important for GRTgaz to have a one-stop shop in Europe where physical market players and TSOs can meet to perform their balancing”.
Egbert Laege, CEO of Powernext, adds: “PEGAS is dedicated to serving the physical gas trading community. PEGAS is already the balancing platform chosen by many Market Area Managers and Transmission System Operators on TTF, NCG, GASPOOL, PEG Nord and TRS. We are delighted that GASPOOL and GRTgaz also chose PEGAS for their locational balancing operations. Moreover, beyond this first step, we will extend our offer by launching locational contracts for NCG and TIGF in 2016. We believe that this paves the way for other TSOs to join the initiative.”
