The EU Agency for the Cooperation of Energy Regulators (ACER) and the European Network of Transmission System Operators (ENTSOG) launched today a joint public consultation related to the FUNC issue ‘Greater flexibility to book firm capacity at Interconnection Points’. An issue reported by the European Federation of Energy Traders (EFET) via the Gas Network Codes Functionality (FUNC) platform.
EFET argues that the standard capacity auction timetable, as defined in the Network Code on Capacity Allocation Mechanisms (NC CAM), limits opportunities for arbitrage to be fully exploited, particularly across the forward curve. In the reported issue, EFET presents a proposal to make firm capacity more readily available to network users by enabling TSOs to offer it for sale in uniform price allocation (UPA) auctions outside the NC CAM auction timetable dates.
In order to get a better understanding of the needs of the market, ACER and ENTSOG are launching a public consultation to collect stakeholder input on the issue reported by EFET as well as their proposal for its solution. The public consultation will stay open until 19 February 2021, and ACER and ENTSOG urge any stakeholder that might be affected by the issue to participate in the public consultation.
Access the full issue description and relevant documents.
Access the public consultation.
