ICIS Benchmarking Europe BV
At ICIS we are committed to bringing consistency and trust to our price assessments through a rigorous methodology that enables our market experts to deliver value where it matters. All our benchmarks are derived from a wide range of sources to ensure they reflect an accurate and impartial view of the market – and so we ensure we meet the International Organization of Securities Commissions (IOSCO) principles for PRAs in every case – the standards that guarantee commodity benchmark price reporting meets the highest standards.
List of ICIS Benchmarking Europe BV Benchmarks
The following list of benchmarks are currently under Europe (EU) Benchmark Regulation (EU) 2016/1011. Please note there will be numbers used on exchanges or produced outside of Europe not subject to EU Benchmark Regulation. There may also be data produced by ICIS that is used in benchmarks for which ICIS is not benchmark administrator (For example the ICE Brent Futures Indices use ICIS data, but the administrator is the Intercontinental Exchange (ICE)). Please note other price assessments can be used in the EU as they are out of scope of the EU BMR.
- TTF assessments: TTF Day-ahead, Weekend, Month +1
- British NBP assessments: NBP Day-ahead, Weekend, Month +1
- German THE assessments: THE Day-ahead, Weekend, Month +1
- Italian PSV assessments: PSV Day-ahead, Weekend, Month +1
- PEG assessments: PEG Day-ahead
- Zeebrugge assessments: Zeebrugge Day-ahead
- VTP assessments: VTP Day-ahead, Weekend
- PVB assessments: PVB Month+1
ICIS benchmark statements
European Spot Gas Markets (ESGM) contains independent price assessments and indices for mature and emerging gas markets, as well as in-depth analysis on price drivers, authoritative commentary on each day’s trading activity and daily news. The methodology for Benchmarks that fall within EU Benchmark Regulation can be found here.
Additional information regarding the consultation process and compliance processes and policies can be found in the links on the bottom right of this page.
ICIS Benchmarking Europe B.V. Senior Leadership Team Profiles
Dean Curtis is the Managing Director of ICIS. His tenure at ICIS began January 2019. Prior to his position at ICIS, Dean held the Managing Director position at the insurance division of LexisNexis Risk Solutions, part of the Risk & Business Analytics business of RELX. Dean is responsible for the entire ICIS brand, including EU Benchmarking.
Stephen Burns has been Editorial Director since 2012. Prior to joining ICIS in 2005, he had 20 years of experience as a journalist covering financial and commodity markets around the world, including senior roles in benchmark price reporting. Stephen was one of the ICIS representatives in the process of creating IOSCO’s Principles for Price Reporting Agencies, and designed many of the policies that ensure his Editorial team adheres to the regulatory guidelines.
Juliette Goetzee is the Managing Director of Nextens in Amsterdam. She is also Managing Director of ICIS Benchmarking Europe B.V. Juliette has been with RELX for over 16 years and has extensive knowledge of the business. Using her experience and position on the Board, she can provide an independent viewpoint on the Board of Directors.
Nastasia Jobben is Head of Product at Nextens and works with Juliette both in her capacity as Managing Director of ICIS Benchmarking Europe B.V. and Managing Director of Nextens. Nastasia has worked at LNRS for nearly nine years and has extensive experience in business process management. While Nastasia does not have direct commodities experience, she will assist ICIS Benchmarking Europe B.V. by providing an independent viewpoint.
Richard Street is an LNRS Compliance Officer. Richard began his career at LNRS as a Head of Regulation and Compliance for ICIS. He has over 20 years of experience in the commodities markets and expertise in regulatory engagement. As his team does not have a direct reporting line to ICIS, they are able to remain independent from the business they oversee.
Bal Dhillon is the Senior Legal Business Partner and Director for ICIS. Bal works for LNRS reporting to William Min, EVP and General Counsel of LNRS. Bal serves all legal needs of the ICIS business, but remains in the LNRS legal function. Since he does not have a direct reporting line to Dean Curtis he is able to provide independent legal advice.
Michael Roger is the Senior Finance Business Partner for ICIS as well as VP of Finance at LNRS. Michael provides an independent financial control function for ICIS.
Ashley Byford-Bates is the Chief Content Officer at ICIS. He joined ICIS in October 2016. Prior to his position at ICIS, Ashley worked in various content and product leadership roles at Reuters, IHS and Thomson Reuters. Ashley is responsible for the ICIS content creation team including prices assessment, analysis and news.