Approved Interim Measures (NC BAL)
On 30 Septemeber, the President of the Energy Regulatory Office issued a decision approving the “Report on the Interim Measures Planned for the Implementation by GAZ-SYSTEM S.A. in connection with the entry into force of Commission Regulation- (EU) No 312/2014 of 26 March 2014 establishing a Network Code on Gas Balancing of Transmission Networks.” The report submitted by GAZ-SYSTEM S.A. provides for the implementation of the following interim measures:
- imbalance tolerance at a level which corresponds to the maximum quantity of gas that can be purchased or sold by each network user at weighted average price for the balancing area covering the national transmission system for high-methane gas;
- interim imbalance charge which substitutes the method of the calculation of a daily imbalance charge set forth in Chapter V of Regulation 312/2014 with respect to the TGPS balancing area and the balancing area covering the national transmission system for low-methane gas;
- balancing platform meaning a trading platform where the Transmission System Operator is a trading participant with respect to all the transactions for the balancing areas of low-methane gas and TGPS, as well as of high methane balancing area (limited to “locational products” at the interconnection points with the adjacent TSOs located in the countries which are not EU members).
The selection of potential interim measures available to the transmission system operator, together with the description of the principles of their application is set out in Articles 47-50 of Regulation 312/2014 (BAL NC).
The interim measures approved for application by the decision of the President of ERO of 30 Septemeber will remain in effect from 06:00 a.m. on 01 October 2016 until 06:00 a.m. on 01 October 2017.
BAL NC sets out the guidelines with respect to rules on gas balancing and settlements with Shippers in respect of their individual imbalance. European transmission system operators, including GAZ-SYSTEM S.A., are obliged to adapt the balancing principles applied in their transmission systems to the NC BAL guidelines by 1 October 2015.
The primary objective of the BAL NC is to accelerate the development of short-term wholesale gas markets and achieve closer integration of the EU gas market through ensuring the consistency of transmission system balancing rules across EU countries.
In case when wholesale natural gas market does not offer sufficient liquidity for short-term transactions and, consequently, the possibility of transmission system balancing according to the BAL NC is limited, the transmission system operator may implement so-called interim measures i.e. acceptable and temporary exemptions from the principles stipulated in the BAL NC, which are defined in Articles 47-50 of Regulation 312/2014. The maximum time limit for the application of interim measures is April 2019 but each year this requires an approval by the President of the Energy Regulatory Office.
Full text of the decision of the President of ERO along with detailed description of the interim measures approved for application, as well as the Report concerning the interim measures planned for the implementation by GAZ-SYSTEM S.A. are available at the following links: