PC_2020_G_19 Public Consultation to assess the possibility of setting a cap for multipliers for day-ahead and within-day capacity products

17.11.2020
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What is it about?

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The European Union Agency for the Cooperation of Energy Regulators (ACER) launches today a public consultation to assess the possibility of setting a cap for multipliers used to calculate reserve prices applied to day-ahead and within-day capacity products in comparison with the reference prices applied to yearly capacity products.

The Network code on Harmonised transmission tariff structures for gas introduced a number of provisions on multipliers that are used to calculate the reserve prices of quarterly, monthly, daily and within-day capacity products. More specifically, Article 13 of the Network Code sets out that the level for day-ahead and within-day multipliers for standard capacity products shall be no less than 1 and no more than 3. In duly justified cases, the level of the respective multipliers may be higher than 3.

It also provides the possibility for the Agency to issue a recommendation to cap day-ahead and within-day multipliers to 1.5 (which means that these products could not be more expensive than 150% of the corresponding yearly reference prices).

By inducing different prices for yearly and shorter-term products, multipliers affect the booking behaviour of network users. This consultation aims at understanding the various impacts of day-ahead and within-day multipliers on market integration, competition, recovery of TSOs' revenues, etc.

The Agency invites stakeholders to provide their views on the impact of day-ahead and within-day multipliers in order to assess the possibility of publishing a recommendation to limit the level of day-ahead and within-day multipliers.

All interested stakeholders are invited to submit their views by 9 December 2020, 23:59 (CET)



Consultation documents

 

 

Building trans-European energy infrastructure: ACER finds that more than half of the projects are on time, but observes several delays and some potentially non-robust Projects of Common Interest (PCIs)https://extranet.acer.europa.eu/Media/News/Pages/Building-trans-European-energy-infrastructure.aspx10/06/2021 23:00:00Building trans-European energy infrastructure: ACER finds that more than half of the projects are on time, but observes several delays and some potentially non-robust Projects of Common Interest (PCIs)
Gas contractual congestion decreases by 50% in the EUhttps://extranet.acer.europa.eu/Media/News/Pages/Gas-contractual-congestion-decreases-by-50-in-the-EU--.aspx27/05/2021 23:00:00Gas contractual congestion decreases by 50% in the EU