Leipzig, Paris, 16 November 2015 – PEGAS, the pan-European gas trading platform operated by Powernext, will introduce locational spot products on 17 November 2015 . These new products support 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 , Managing Director of GASPOOL, states: “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, mentions: “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.”
PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Belgian, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. This setup enables market harmonisation and forms the leading pan-European natural gas market. For more information: www.pegas-trading.com
EEX Group provides the central market platform for energy, energy related and commodity products and enables access to a network of over 400 trading participants. The offering of the group comprises contracts for Energy, Environmentals, Freight, Metals and Agriculturals listed at the European Energy Exchange, EPEX SPOT (incl. APX-Belpex), Powernext, Cleartrade Exchange and Gaspoint Nordic. Clearing and settlement of transactions concluded or registered on the exchanges is provided by the central clearing house European Commodity Clearing. EEX is part of Deutsche Börse Group. For more information: www.eex.com
Powernext is a regulated market operating under AMF supervision. Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry for electricity guarantees of origin in France. For more information: www.powernext.com
Data Sources: PEGAS