FGSZ - Capacity booking

Capacity Booking

The Auction calendar regarding capacity auctions between 1st March 2021 and 28th February 2022 is accessible HERE.

The capacities to be auctioned via the Regional Booking Platform are accessible in the RBP Portal in all cases.

Bunded capacity: bounded capacity on both sides of a given interconnection point based on CAM NC (one auction, two contracts)

Regional Booking Platform
Internet-based, electronic capacacity trading platform
Capacity allocation mechanisms regarding 459/2017/EU (CAM NC)
Free access to network users
Electronic certificate-based registration and access
RBP Application: RBP securely accessible software environment
RBP Portal: RBP internet-based openly accessible publication and information website
Test environment of RBP Application
Applicable rule: Operational Rules of the RBP
Applied time zone: UTC (UTC-CET difference is in summer -2, in winter -1 hour)
Network user connecting: by concluding the Network User Membership Agreement

According to Auction Calendar
Auction calendar: the starting date of the auctions from March of a given calendar year till the end of February of the forthcoming calendar year
Legal background: ENTSO-G Auction calendar, Hungarian Gas Act, Implementation Decree of Hungarian Gas Act
Publication of auction data: RBP Portal

Via Capacity auction
Ascending Clock algorithm			Uniform Price algorithm
Yearly capacity	Quarterly capacity	Monthly capacity	Daily capacity	Within-day capacity
Several bidding rounds: - First bidding round: 3 hours - Each additional round is 1 hour, including 1 hour break - Bidding rounds run on working days between 9.00 and 18.00			On bidding round: 30 minutes
			Auctions start in the afternoon preceding the given gas day	Auctions start: four hours before the start of the product
For each bidding round, the reserve price is given in %			Freely setting up the price, no price steps, Evaluation of bids by price, the highest price ranking first
Large Price Step (LPS), Small Price Step (SPS)			It is possible to submit Minimum quantity
LPS is the integer multiple of SPS			Network User may submit 10 bids as a maximum
Purpose of LPS is to shorten the auction process Purpose of SPS is to maximize sold capacity			Clearing price: the price of lowest successful bid
Further info: CAM NC, Operational Rules of RBP

Via Capacity auction
Ascending Clock algorithm
Yearly capacity	Quarterly capacity		Monthly capacity
Several bidding rounds: - First bidding round: 3 hours - Each additional round is 1 hour, including 1 hour break - Bidding rounds run on working days between 9.00 and 18.00
For each bidding round, the reserve price is given in %
Large Price Step (LPS), Small Price Step (SPS)

Purpose of LPS is to shorten the auction process Purpose of SPS is to maximize sold capacity
Uniform Price algorithm
Daily capacity		Within-day capacity
On bidding round: 30 minutes
Auctions start in the afternoon preceding the given gas day		Auctions start: four hours before the start of the product
Freely setting up the price, no price steps, Evaluation of bids by price, the highest price ranking first
It is possible to submit Minimum quantity
Network User may submit 10 bids as a maximum
Clearing price: the price of lowest successful bid
Further info: CAM NC, Operational Rules of RBP

At capacity fee with potential auction fee
Tariffs and fees 2020
Tariff calculator from 1 October 2020
Tariff calculator from 1 October 2021
Historical data
Clearing fee = reserve price (tariff) + auction fee (in case of oversubscription)
Other fees related to using of capacities

At capacity fee with optional auction fee
Proper financial background: Auction and Contractual security and Limit handling
Contractual background: RBP Registration, Network User Membership Agreement, Network Usage Framework Contract, till 15.00 2 working days prior to the given auction (IP and RBP registration)
Submission of trading licence or limited trading licence issued by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) till 15.00 2 working days prior to the given auction	or	Declaration in case of transit through Hungary or in case of stroage in the underground gas storage facility - point II.5.6.2.(d) of BC

RBP	IP
Bilateral transactions: For yearly, quarterly, monthly, daily, within-day products, for any period of them Transfer of use	Customer migration: Yearly capacity products Transfer of contract AND Transfer of use (info: point 2.6.2. of Business Code Annex 4.d )
Capacity market transactions: Initially anonymous Offer type can be ‚Sell’ or ‚Buy’ For yearly, quarterly, monthly, daily, within-day products, for any period of them Transfer of use	Capacity transfer: For yearly, quarterly, monthly products Transfer of contract AND Transfer of use (info: point 2.6.3. of Business Code Annex 4.d )
Result of CMP: Surrender of booked capacity Capacity Increase by Oversubscription and Buy-Back Arrangements	Result of CMP: Short Term Use It or Lose It Long Term Use It or Lose It
Capacity conversion: Converting unbundled yearly, quarterly, monthly products into bundled product (info: .)

Overnomination
At cross border and storage points
Transaction resulting interruptible within-day capacity booking
Where: Informatic Platform
10 million HUF financial limit as a minimum

Open Season
A non-standard procedure for booking capacities of a non-existent facility.
Info: here and here

Incremental capacity auction
A process that leads to capacity booking for a non-existent facility through standard CAM NC auctions.
Info: kap@fgsz.hu