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.

February 2019March 2019April 2019
usage of booked capacitymark-up
[€/MWh]
mark-down
[€/MWh]
mark-up
[€/MWh]
mark-down
[€/MWh]
mark-up
[€/MWh]
mark-down
[€/MWh]
24 0.8780 0.7701 0.6928 0.6665 0.6928 0.6665
23 0.9001 0.7914 0.7149 0.6878 0.7149 0.6878
22 0.9242 0.8147 0.7390 0.7110 0.7390 0.7110
21 0.9506 0.8401 0.7653 0.7364 0.7653 0.7364
20 0.9796 0.8681 0.7944 0.7644 0.7944 0.7644
19 1.0116 0.8990 0.8264 0.7954 0.8264 0.7954
18 1.0472 0.9334 0.8620 0.8297 0.8620 0.8297
17 1.0871 0.9718 0.9018 0.8682 0.9018 0.8682
16 1.1318 1.0151 0.9466 0.9114 0.9466 0.9114
15 1.1826 1.0640 0.9974 0.9604 0.9974 0.9604
14 1.2406 1.1200 1.0554 1.0163 1.0554 1.0163
13 1.3076 1.1846 1.1224 1.0809 1.1224 1.0809
12 1.3857 1.2600 1.2004 1.1563 1.2004 1.1563
11 1.4779 1.3490 1.2927 1.2454 1.2927 1.2454
10 1.5887 1.4559 1.4035 1.3522 1.4035 1.3522
9 1.7241 1.5865 1.5389 1.4828 1.5389 1.4828
8 1.8933 1.7498 1.7081 1.6461 1.7081 1.6461
7 2.1108 1.9597 1.9256 1.8560 1.9256 1.8560
6 2.4009 2.2396 2.2157 2.1359 2.2157 2.1359
5 2.8070 2.6315 2.6218 2.5278 2.6218 2.5278
4 3.4161 3.2193 3.2309 3.1156 3.2309 3.1156
3 4.4314 4.1989 4.2462 4.0953 4.2462 4.0953
2 6.4618 6.1582 6.2766 6.0546 6.2766 6.0546
1 12.5533 12.0361 12.3681 11.9325 12.3681 11.9325

In both German gas market areas, suspected cases of fraudulent behavior by balancing group managers have occurred in 2018.

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Please take part in the Control Energy Tender for Flexibility (H-cal and L-cal) starting 22nd of January 2019 06:00 o'clock to 7th of February 2019 06:00 o'clock on a monthly basis for summer 2019. 

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How does the Exit to the german gas market works and how can I use the virtuall trading point actively? We explain it to you in a short video. 

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