What is it about?
The European Union Agency for the Cooperation of Energy Regulators (ACER) launches today a public consultation to assess the possibility of setting a cap for multipliers for day-ahead and within-day capacity products. Multipliers are used to set tariffs for short-term gas transmission capacity products and can affect the balance between short term and long term contracted capacity.
The Network code on Harmonised transmission tariff structures for gas sets out that the level for day-ahead and within-day multipliers for standard capacity products shall be no less than 1 and no more than 3. Lower multipliers applied to short-term capacity products can incentivise shorter-term capacity bookings while higher multipliers on those products can incentivise longer-term capacity bookings.
The Network Code also provides the possibility for the Agency to issue a recommendation to cap day-ahead and within-day multipliers to 1.5.
The objective of this consultation is to gather views and information from stakeholders on the impact of day-ahead and within-day multipliers in order to assess the possibility of publishing a recommendation to limit the level of day-ahead and within-day multipliers.
The Agency invites stakeholders to provide their views on the impact of day-ahead and within-day multipliers in order to assess the possibility of publishing a recommendation to limit the level of day-ahead and within-day multipliers.
ACER seeks comments of interested stakeholders on the impact of multipliers on market integration. Share your views by 9 December 2020 23:59 (CET).
Find out more about the Public Consultation.