S N T G N Transgaz S A : Different price steps for monthly capacity auction at IP Csanádpalota

Dear partners,

Following the high demand for capacity registered at the monthly auctions for August 2022 at IP Csanádpalota in the RO˃HU direction, which exceeded the offer, after repeated successive rounds, Transgaz and FGSZ jointly agreed to extend the time slot for the auctions to the last working day of July 2022 in the hope that the auction would close with capacity allocation, which unfortunately did not happen. The remaining unallocated capacity from the monthly auction was transferred to the level of daily firm capacity products offered during August 2022.

In this context, Transgaz and FGSZ, in order to minimise the duration of the auction, agreed to change the ,,large price step" and the ,,small price step", for the monthly auction, related to September, of the gas year 2021/2022, scheduled according to the ENTSOG Calendar on 15 August 2022, taking into account the provisions of Art. 17(10) and (11) of Reg. (EU) 2017/459 (CAM NC), respectively:

1. For each interconnection point and for each standard capacity product a large and a small price step is defined and published before the relevant auction takes place. The small price step shall be set so that the large price step is an integral multiple of the small price step."

1. The large price step shall be set in such a way as to minimise, as far as possible, the duration of the auction process. The small price step shall be set so as to minimise, as far as possible, the amount of unsold capacity if the auction closes at a price higher than the reserve price.

We would like to mention that an Announcement, entitled ,,Different price steps for monthly capacity auction at Csanádpalota interconnection point", was published on the public site of the RBP Platform, on 02.08.2022, in the section UMM (Urgent Market Messages https://ipnew.rbp.eu/Rbp.eu/#/umms/137), including the following message:

,,Based on the agreement of the concerned TSOs, the monthly auction concerning September gas month of 2021/22 gas year for both directions of IP Csanádpalota interconnection point will run with 50% Large Price Step and 10% Small Price Step."

Yours sincerely,

SNTGN Transgaz SA