October 2016 was a key date for Spain, as it marked when the country upgraded its balancing regime, in line with all but the most illiquid EU member states.
ICIS looks at how the balancing regime has performed since its implementation, in terms of liquidity and how often Enagas GTS - which is responsible for balancing the grid - has had to intervene in the market.
The article is part of a series ICIS is currently running on the implementation of the EU’s balancing network code. ICIS has also published updates on gas balancing in Britain, the Netherlands, Germany, Belgium, Italy, Romania, Slovenia and Denmark.
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