GABI GAS SETTLEMENT PRICES
The balancing group network operator shall pay a charge amounting to the second lowest selling price of the reference prices multiplied by 0.9 to the balancing group manager if the entry quantities exceed the exit quantities ("negative balancing energy"). The balancing group manager shall pay a charge amounting to the second highest purchasing price of the reference prices multiplied by 1.1 to the balancing group network
operator if the exit quantities exceed the entry quantities (hereinafter "positive balancing energy"). Tolerances will not be granted. Reference prices are determined according to item 3. If no separate selling and purchasing prices are published at one or several trading points, the daily average price of the respective trading point shall apply both as selling and purchasing price.
The prices in €/MWh at the following trading points shall apply as reference prices for the respective gas day:
- APX TTF DAM All-Day Index CET (€/MWh)
- APX ZEE DAM All-Day Index CET (p/Therm)
- APX Gas UK OCM SAP (p/Therm)
- E.ON GT one day ahead, for the gas day on the trading day directly preceding the gas day.
The gas price resulting for the calendar day on which the gas day starts is relevant for the entire gas day. The balancing group network operator converts the reference prices into gas prices in €ct/kWh for each gas day. The conversion factor from pounds sterling to euro’s that is published under "statistics/exchange rates/euro foreign exchange reference rates" on the Internet website of the European Central Bank www.ecb.int as well as the factor of therm of kWh of 29.3071 kWh/therm is used. After previous coordination with the Federal Network Agency, the balancing group network operator is authorized to temporarily disregard the reference prices of one or several trading points for calculating the balancing energy prices if the balancing group network operator determines that the price information taken as a basis is not suitably adequate for specific reasons. The balancing group network operator is entitled to use the reference prices of other liquid trading points after prior coordination with the Federal Network Agency. The same applies if balancing group network operators want to use other publications of the above trading points.
The balancing group network operator shall publish the balancing energy prices on a daily basis and at least for the past 12 months (starting on 1 October 2008) on his website.
The table below shows the actual value of the APX-ENDEX indices included in the price basket. Applying Date refers to the flow date. For example, an index with an "applying Date" of 13 December includes all day ahead transactions concluded on 12 December that will be delivered (or will flow) on the gas day 13 December. For more information about the index calculation methodology, click here for the APX Gas NL Index, here for the APX Gas ZEE Index and here for the APX Gas UK Index.
To access historical data (data since 1 October 2008) please click here.
| APX Gas TTF DAM | Value | Change |
|---|---|---|
| All-Day Index 06:00 - 18:00 prevailing local time |
18.91 €/MWh |
 +0.45 +2.4%
Previous values
€ 18.46 Applying date: 8th September 2010 |
| Applying date: 9th September 2010 Last update: 8th September 2010 | ||
| APX Gas Zeebrugge DAM | Value | Change |
|---|---|---|
| All-Day Index 06:00 - 18:00 prevailing local time |
45.72 p/Thm * |
+4.43 +10.7%
Previous values
41.29 p/Thm Applying date: 8th September 2010 |
| Applying date: 9th September 2010 Last update: 8th September 2010 | ||
| APX Gas UK OCM | Value | Change |
|---|---|---|
| SAP | 42.23 p/Thm |
+1.86 +4.6%
Previous values
40.37 p/Thm Applying date: 6th September 2010 |
| Applying date: 7th September 2010 Last update: 8th September 2010 | ||
* Data marked by '*' is subject to Copyright (C) Heren Energy Limited ("Heren") All Rights Reserved. Data may not be copied, stored or used, in whole or in part, without the express prior written permission from Heren. In addition, terms and conditions of standard APX website disclaimer applies.
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