AOC balancing reform trade boost sparks venue debate

With little more than a week to go until Spain implements sweeping balancing reforms, traders agreed the changes will increase liquidity at the Spanish wholesale gas market.

The deadline for Spain to comply with changes to European gas network code balancing reforms, designed to make the AOC more liquid and increase price transparency, is 1 October.

ICIS looks at where that liquidity will take root – on the developing brokered market or through newly-formed exchange MIBGAS.

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