Europex contributes to ACER Gas Target Model Review

Brussels, 18 April 2014 | In our response to the ACER consultation on the Gas Target Model, Europex emphasises the following key messages:

  • Criteria of the Gas Target Modell 1 (GTM 1) are not suited to evaluate the functioning of gas wholesale markets. They are criteria for the solution of a problem that is not clearly defined.
  • The wholesale market has specific characteristics, such as the difference between spot/ balancing markets and forward markets as well as regional differences.
  • There are integrated forward markets.
  • Spot/ balancing markets are in the end physical markets, bound to locations.
  • To integrate spot/ balancing markets, physical capacity needs to be available.

Please find the whole consultation response attached.