Services to the Gas Industry

Services to the Gas Industry
In our natural gas markets, Powernext provides services to Transmission System Operators (TSOs) to support their balancing activities. Our services, based on TSO's requirement, include among other auction design, new product definition and tailored index provision.

Our References

Within the gas industry, Powernext performs customised and adaptable services to the following Transmission System Operators:

GRTgaz

  • Auction platform designed to buy and sell fuel gas for natural gas compressor stations
  • Automatised mechanism programmed to buy or sell natural gas on the market in order to balance the market area
  • Coupling robot designed to buy or sell TRS/PEG Nord spread contracts to improve price convergence between the two zones
  • Balancing mechanism aimed at buying or selling gas capacity in order to balance specific trading points on the PEG Nord and TRS networks

TIGF

  • Automatised mechanism programmed to buy or sell natural gas on the market in order to balance the market area
  • PEGAS price file automatically provided to TIGF at regular intervals and used for the invoicing of imbalance

Storengy

  • Automatised mechanism allowing Storengy to intervene to trade the WD/DA spread on PEG Nord when there is a need

Auction design and operation

Auctions are an efficient mean for selling off a good or matching supply and demand. Powernext has acquired a deep experience in designing and organizing electronic auctions in the energy sector.

In April 2007, Powernext Balancing GRTgaz was launched in partnership with GRTgaz. Two auctions per day are organized through which GRTgaz is able to buy or sell part of the gas needed to balance the transmission network.

For more : Auction Design and Operations

Algorithms

In order to diminish operational risks, as well as organisational issues and costs, Powernext has developed algorithmic trading solutions which provide, among other things, simple and efficient 24/7 balancing services.

Based on rules and principles configured according to the TSOs’ requirements, these trading algorithms provide auditable reports of all order and trade data to both TSOs and regulators. Operations are monitored by PEGAS Market Operations, while the TSOs manage all of the features and parameters via a web interface. In order to construct the internal market for natural gas, efficient use of the interconnection capacity between market areas is vital, especially on congested interconnections.

For more: Algorithms

Customer & Press Contacts information@powernext.com
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