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Capacity booking

What? Where? When? How? At what cost? Under what conditions? Cases of capacity modification Cases of special capacity booking

Capacity booking - What?

Capacity products
Yearly Quarterly Monthly Daily Within-day
Bundled Unbundled Bundled Unbundled Bundled Unbundled Bundled Unbundled Bundled Unbundled
Frim Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Interruptible ✖ Yes ✖ Yes ✖ Yes ✖ Yes ✖ ✖

(exception: Beregdaróc 800)
Seasonal ✖ Yes ✖ ✖ ✖ ✖ ✖ ✖ ✖ ✖

Bunded capacity: bounded capacity on both sides of a given interconnection point based on CAM NC (one auction, two contracts)
Seasonal capacity: capacity product outside the winter consumption period, non-standard capacity product

Capacity booking - Where?

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

Capacity booking - When?

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

Capacity booking - How?

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
Egyenáras algoritmus
Napi kapacitás Napon belüli kapacitás
Egy ajánlati kör: 30 perc
Aukció indulása:
tárgynapot megelőző nap délután		 Aukció indulása:
termék indulása - 4 óra
Szabad ármeghatározás, nincsenek árlépcsők,
ajánlatok értékelése ár alapján, csökkenő sorrendben
Legkisebb elfogadható kapacitás megadásának lehetősége
Rendszerhasználó: maximum 10 ajánlat
Elszámoló ár: a legalacsonyabb, még nyertes ajánlathoz tartozó ár
További info: CAM NC, KLP Szabályzat

Capacity booking - At what cost?

At capacity fee with potential auction fee

Historical data

Tariff calculator for capacity fee

Clearing fee = reserve price (tariff) + auction fee (in case of oversubscription)

Other fees related to using of capacities

EU regulation 3.1.2 a) point

Capacity booking - Under what conditions?

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, Informatic Platform User 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 8.12 of BCC
Special capacity: booking of capacity product outside the winter consumption period (seasonal) on the basis of the certificates issued by the MEKH (Further info: EU publication 3.1.2 (a)

Capacity booking - Cases of capacity modification

RBP IP
Bilateral transactions:
  • For yearly, quarterly, monthly, daily, within-day products, for any period of them
  • Transfer of use
  • Seasonal capacity can not bee transferred
 Customer migration:
  • Yearly capacity products
  • Transfer of contract AND Transfer of use
  • Seasonal capacity can be transferred
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
  • Seasonal capacity can not be transferred
 Capacity transfer:
  • For yearly, quarterly, monthly products
  • Transfer of contract AND Transfer of use
  • Seasonal capacity can be transferred
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

Capacity booking - Cases of special capacity booking

Overnomination
At cross border 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