PRISMA to launch secondary trade of gas transport in 2014
Shippers will be able to trade secondary transport capacity on the new PRISMA platform as of next year.
The European transmission system operators (TSOs) involved in the PRISMA primary capacity auctioning platform are working on the secondary capacity platform that should be ready in 2014, a spokeswoman of PRISMA said on Friday.
Primary trading on the platform, covering Austria, Belgium, Denmark, Germany, France, Italy and the Netherlands, is set to start in April.
"Our main focus is the start of the primary platform in April, but we are already designing the cornerstones for secondary-capacity trading," a PRISMA spokeswoman said.
Since the capacity-allocation mechanism (CAM) network code is lighter on the requirements for selling secondary than primary capacity, it would take time to coordinate the launch, she added.
The decision on whether secondary capacity will be sold in auctions or as in an anonymous so-called cipher procedure will rest mainly with the TSOs, the PRISMA spokeswoman said.
The TSOs are in discussion with the regulators to determine which would be the most non-discriminatory way to offer capacity and which products will be offered.
Key in the CAM code is that allocation is non-discriminatory allocation and that there is a search function where shippers can look directly for the capacities they need.
Austrian TSO Gas Connect Austria, for example, will include a search for secondary capacities on its market area manager website from 1 April, as an interim solution until secondary trading can happen on PRISMA in early 2014.
"This will be an anonymous cipher procedure that secures equality among shippers. We certainly expect that this will boost secondary capacity trading in Austria," Stefan Koenigshofer, head of sales transmission at Gas Connect Austria, told ICIS.
Talks are now ongoing with most of Europe's TSOs to join the platform along with the seven TSOs already participating, the PRISMA spokeswoman said.
PRISMA was set up to speed up the implementation of the CAM network code, which sets up a new market for selling gas transport capacity across Europe.
Most of the current PRISMA project partners are German companies, including bayernets, Gasunie Deutschland, GASCADE, GTG Nord, Nowega, Ontras-VNG, Open Grid Europe, terranets bw, Thyssengas, Fluxys TENP and GRTgaz Deutschland, as well as the European Energy Exchange, the only shareholder that does not own part of a gas network.
Other partners are Austrian BOG, TAG and Gas Connect Austria as well as Belgian Fluxys, Dutch Gasunie, French GRTgaz, Danish Energinet.dk and Italian Snam Rete Gas (see ESGM 5 December 2012).
The CAM network code will set rules on harmonised auctions for capacity products of various durations, bundling of cross-border capacity, developing booking platforms and aligning interruptible capacity (see ESGM 22 January). Maria Haensch
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