Compensation Energy

The methodology for calculating the daily imbalance prices has been prescribed by the German federal regulator Bundesnetzagentur in its administrative ruling BK7-14-020 (“Gabi Gas 2.0”), according to which imbalance prices must be determined based on an analysis of marginal prices. 

Accordingly, the positive imbalance price for any given gas day (= marginal buy price) is the higher of:

  • the highest price of all system balancing buy transactions the market area manager has entered into for that gas day on a within-day or day-ahead basis for delivery of gas at the virtual trading point (merit order rank 1) or for exchange-traded quality-specific products offered in the market area manager's own or an adjacent market area (merit order rank 2)
    and
  • the weighted average price of gas determined for that gas day on the PEGAS trading platform plus two per cent

The negative imbalance price for any given gas day (= marginal sell price) is the lower of:

  • the lowest price of all system balancing sell transactions the market area manager has entered into for that gas day on a within-day or day-ahead basis for delivery of gas at the virtual trading point (merit order rank 1) or for exchange-traded quality-specific products offered in the market area manager's own or an adjacent market area (merit order rank 2)
    and
  • the weighted average price of gas determined for that gas day on the PEGAS trading platform less two per cent 

Reconciliation quantities for RLM

According to the calorific value correction of RLM exit points (RLM reconciliation quantities) differential quantities arising from the initial and final quantity allocation of a balancing group. GASPOOL will invoice the differential quantities to the balancing group manager. The following applies:

  • The RLM reconciliation quantities is determined on a daily basis to the end of the clearing process.
  • The weighted average price of gas (VTP index) is used for reconciliation. This is applied to both higher and lower quantities arising from calorific value correction.

The daily prices for reconciliation quantities are available at “final values” in the VTP index column.

Transportation markup/markdown from 1 October 2017

With regard to the determination of the National Regulatory Agency (BNetzA) on gas balancing (Az. BK7-14-020 "GaBi Gas 2.0") are incurred transportation costs regarding to procurement of balancing energy of products of merit order list rank 2 to be considered. These costs are considered as a markup/markdown in the determination of the daily imbalance charges. The transport markup will be added to the purchase price when balancing energy is procured in the adjacent market area. The transport markdown will be subtracted from the sell price when balancing energy is sold in the adjacent market area.

March 2019April 2019May 2019
usage of booked capacitymark-up
[€/MWh]
mark-down
[€/MWh]
mark-up
[€/MWh]
mark-down
[€/MWh]
mark-up
[€/MWh]
mark-down
[€/MWh]
240.69280.66650.69280.66650.60020.6145
230.71490.68780.71490.68780.62230.6358
220.73900.71100.73900.71100.64640.6590
210.76530.73640.76530.73640.67270.6845
200.79440.76440.79440.76440.70170.7125
190.82640.79540.82640.79540.73380.7434
180.86200.82970.86200.82970.76940.7778
170.90180.86820.90180.86820.80920.8162
160.94660.91140.94660.91140.85400.8594
150.99740.96040.99740.96040.90480.9084
141.05541.01631.05541.01630.96280.9644
131.12241.08091.12241.08091.02971.0290
121.20041.15631.20041.15631.10781.1043
111.29271.24541.29271.24541.20011.1934
101.40351.35221.40351.35221.31091.3002
91.53891.48281.53891.48281.44631.4309
81.70811.64611.70811.64611.61551.5941
71.92561.85601.92561.85601.83301.8041
62.21572.13592.21572.13592.12312.0840
52.62182.52782.62182.52782.52922.4758
43.23093.11563.23093.11563.13833.0636
34.24624.09534.24624.09534.15364.0433
26.27666.05466.27666.05466.18406.0026
112.368111.932512.368111.932512.275511.8805

The 11th GASPOOL Customer Forum will take place in Berlin in May. As in the past years, we offer a German and an English event.

more

Second market dialogue of market merger in Berlin on 4th June 2019

more

As of now you can find the published conversion data also as graphical overview.

more