Public consultation on natural gas balancing network code ends Friday
A key public consultation on natural gas balancing across European transmission networks ends on Friday.
The network code, developed by the European network of transmission system operators for gas (ENTSOG), sets balancing rules across the EU, with the aim to harmonise gas trading across balancing zones.
According to the network code, TSOs will have to cooperate on merging entry-exit systems, create cross-border balancing zones or use another means such as market coupling to facilitate balancing.
TSOs also will have to buy or sell short-term standardised products on a trading platform or use balancing services that are procured in a market-based manner.
The network code also defines rules on trade notifications and allocations, nominations at interconnection points and daily imbalance charges.
After this public consultation, ENTSOG will internally approve the latest changes before submitting the final draft to the agency for the cooperation of energy regulators (ACER) by 5 November.
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