Europex responds to ERGEG consultation on “Assessment of Capacity Allocation Mechanisms and Congestion Management Procedures for effective Access to Storage and Proposals for the Amendment of the GGPSSO”

Brussels, 15 October 2010 | Europex welcomes the Public Consultation by ERGEG on “Assessment of Capacity Allocation Mechanisms and Congestion Management Procedures for effective Access to Storage and Proposals for the Amendment of the GGPSSO”. Europex believes that CAM and CMP should be based on market-based mechanisms (auctions, secondary markets, UIOLI/UIOSI), which increase competition, enable not- discriminatory access to storage capacity and provide system users with clear and efficient pricing signals. A proper design of market mechanisms is fundamental and should be implemented while taking into (proper) consideration the over-all design of the under laying wholesale and balancing markets. Transparency of information is a key aspect and SSOs should provide systems users with relevant information about the status of the storage system and individual positions on a timely basis. Gas Exchanges are prime actors in the development of a efficient internal gas market in Europe. Therefore, efficient market-based CAM and CMP for gas storage should be based on centrally cleared market platforms as provided by Gas Exchanges and should be integrated with wholesale and balancing markets as much as possible. Guaranteeing the market a fair, transparent and orderly process of market mechanisms for CAM and CMP and preventing counter-party risks.

Please find the whole consultation response attached.

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