Platform for cross-border trade of day-ahead secondary capacity
On 14 May 2008, APX is launching a booking platform for trade in secondary transport capacity for natural gas. The German company Trac-X has announced that it too will be offering a similar platform. Both platforms offer the possibility to trade day-ahead basic transport capacity at cross-over points in the Bunde-Oude Statenzijl region.
GTS supports the APX platform and has adjusted its processes so that transactions can be processed with the required swiftness. On condition that he trades before 10 a.m., this means that a shipper can nominate the capacity that same day and is able to use it the next day. GTS expects that the Trac-X system will also soon be supported.
Optimal availability and use of cross-border transport capacity is a crucial condition for the successful development of a regional gas market. Cross-border transport capacity is often completely sold out well in advance, but is not always actually used. A market for trading secondary transport capacity could ensure that this unused capacity is actually used.
Both platforms have resulted from pilot projects of the Gas Regional Initiative (GRI), and have been realised as a result of close cooperation between APX and Trac-X, market parties (represented by EFET), the national supervisory authorities and the TSOs involved.
For more information please read press release APX.
