APX Gas Storage Trading
In co-operation with Centrica Storage Limited (CSL), the APX Gas Storage is a market for trading secondary storage capacity and gas in store at Rough, the UK’s largest gas storage facility.
The APX Gas Storage Market is available to all members of the On-the-day Commodity Market (OCM), provided that they are signatories of CSL’s Storage Services Contract and the associated Credit Agreement.
APX Gas UK members are able to use existing collateral provided for trading on the OCM, while all contracts traded on the APX Gas Storage Market are fully collateralised to ensure risk is fully covered at all times.
APX Commodities Ltd. is the central counterparty to all trades; all contracts are traded anonymously, then cleared and settled by APX-ENDEX.
All trades at Rough, the largest gas storage facility in the United Kingdom, will be notified to Centrica Storage Ltd., a supplier of physical gas storage in the United Kingdom. The transfer of commodity or capacity is made on behalf of members via StorIT, Centrica’s online customer services system.
The following products are available:
Product |
Product Trades |
|---|---|
Secondary Firm Injection rights |
Day Ahead and Within Day |
Secondary Firm Withdrawal rights |
Day Ahead and Within Day |
Secondary Firm Space |
Day Ahead and Within Day |
Gas in Store |
Within Day |
| |
mcmaster
apxendex